I received an email today, from the mortgage lender in my office, regarding FHA loans....
The UFMIP (Up Front Mortgage Insurance Premium) changes from 1.75% to 2.25% goes into effect with case numbers assigned on or after Monday April 5, 2010. It can take up to three days from the time the lender request the case number, so if the case numbers have not been requested yet then the buyers will more than likely fall under the new UFMIP premium
Most first time buyers will get an FHA loan, in many areas, move-up buyers will too.
And so it starts......