Changes Announced on January 20

MI premium rates:

Will increase the upfront rate from 1.75% to 2.25% — effective April 5, 2010

Will reduce maximum seller concessions from 6% to 3% — effective in early summer 2010

***Please notice that the seller contributions have not changed as of now.  You can still ask for up to 6% in seller contributions.  It states that this will change in the early summer of 2010.***

Please call or email me with any questions regarding the upcoming changes, and the urgency to buy your home now.

This entry was posted on Friday, January 29th, 2010 at 12:47 am and is filed under East Cobb Real Estate, GA Real Estate, Mortgage Talk, Roswell Real Estate, Woodstock, Woodstock Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.