Denver Mortgage Blog
Denver Mortgage Blog
Average Denver mortgage rates ticked lower for the week ending February 28, 2013, while being the driving force in the continued housing recovery effort. According to the Primary Mortgage Market Survey ® conducted by Freddie Mac, the consumer price index was stable in February for the second month in a row. The S&P/Case-Shiller ® indicated housing gains in 2012, stating that the home price index rose 7.3 percent. This was the largest forth-quarter growth since 2006. The number of new and existing home sales in February rivaled those of July 2007 and July 2008.
The Department of Housing and Urban Development and the Federal Housing Administration will increase FHA Mortgage Insurance Premiums (MIP) as part of a broad effort to strengthen the Federal Housing Administration’s (FHA) Mutual Mortgage Insurance Fund (MMI Fund)
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