FHA adjusts mortgage insurance again

Finally, some good news for FHA loan applicants.  Since January 2008 FHA steadily raised FHA Mortgage insurance premiums to help make up for steep losses incurred as a result of the housing bust.  Apparently the FHA mortgage insurance pool is back on healthier footing because as of yesterday FHA mortgage insurance premiums are actually declining!  HERE IS A LINK to the mortgagee letter announcing the reduction.  And here is a recent history of FHA Mortgage insurance premiums:

recent history FHA

Here is the chart showing updated FHA mortgage insurance premiums as of yesterday:

FHA chart1