FHA just announced that they will be increasing the monthly mortgage insurance premium effective April 18^th. The new MI premium is going from .90 to 1.15%.

What this means to your buyers - on a $150,000 purchase price with 3.5% down it will cost an additional $30 a month to buy after April 18^th! 

 @ .90% - Buyers pay $112.50 per month in Mortgage Insurance

@ 1.15% - Buyers will pay $143.75 per month in Mortgage Insurance

Just another reason to buy now!