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So Trump stopped the mortgage insurance premium cut that was supposed to take effective 1/27/17.. for those of you that are close to closing using FHA, what are your lenders predicting as far as the suspension, do they think the pmi will still get reduced ?
Lenders don't predict anything, they just implement policies/guideline changes to the loan programs they offer. Unless an announcement from HUD/FHA has been made, I wouldn't factor in a possible mortgage insurance change into your plans. As for me, I think after the new HUD Secretary reviews their finances/budget then they will revisit the possibility of reducing FHA's mortgage insurance... but that could be months from now.
i agree with shane.... will be some time if they do it