FHA Borrowers, This info is for you! A recent article from Housing Wire offers some sage advice:
"One in three Federal Housing Administration borrowers would benefit from refinancing.That’s the conclusion of a study conducted by the Housing Finance Policy Center at the Urban Institute.
The Center’s Laurie Goodman, Karan Kaul and Jun Zhu took a closer look at the impact of the premium cut on FHA refinance volumes and have concluded that roughly 2.4 million current FHA borrowers could benefit from refinancing." READ MORE