Housing Isn’t Cheap

That’s the verdict from the WSJ’s Real Time Economics blog, which says –

FHA policies, in other words, have raised financing costs for first-time homebuyers relative to what borrowers with larger down payments would find in the market. While the average 30-year fixed-rate mortgage stood at 4.47% in February, the effective rate paid by FHA borrowers, once premiums and other costs are baked in, stood at around 5.65%, according to Goldman.

– and shows –

Source: http://electricalcontractor.com/?p=15657

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