Borrowers could potentially save hundreds under the new mortgage insurance premium reduction set to take effect later this month.
An analysis finds borrowers could potentially save an average of $446 a year.
The analysis found those with the biggest potential annual savings resulting for the reduction would be in southern California and Hawaii.
Mortgage insurance is what a borrower pays when making a down payment of less than 20-percent.
For more information, visit http://www.realtytrac.com/news/mortgage-and-finance/2017-fha-premium-cut-impact-analysis.
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