Financial Update by Maurice Soussé

Rates are pretty steady from last week as mixed news came today on lower jobless claims and news that Japan is getting back to some sense of normalcy after their terrible earthquake.

To keep you up to date, FHA programs will have a new Mortgage insurance structure starting on April 18th. The MIP up front will be the same at 1% but the annual charge is increasing by .25% per year.

HUD is making this increase to remain financially sound and it is imperative their reserves stay at certain levels.

Remember, think big thoughts, but, relish small treasures.