Yeah, cutting mortgage insurance is the last thing we need.
So the mortgage insurance rates got cut again. Of course nobody seems to want to talk about what the money is for, or why the rates were raised a few years back. Why cover all those pesky facts that we seem to refuse to want to learn a lesson from. It’s just nuts. In todays show we are going to dissect this move and explain why on EVERY – SINGLE – LEVEL it is stupid and hurts more than it helps. Yeah, not even good for the folks who will want to do an FHA loan as a result. I cannot imagine how anyone who lived through the last downturn could possibly think that this move makes any sense. Particularly when this just increases the demand for homes in a market where there is already not enough supply to satisfy the number of buyers that are already out there. Join me in todays show for all the annoying details.
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