FHA Insurance Premiums Could Triple

Many consumers are already paying high home insurance premiums thanks to a number of factors, but those payments might increase even more sharply thanks to a new measure from Congress.

Late last week, the House approved an increase in annual premiums paid by those who insure their homes through the Federal Housing Administration. According to a UPI report, those increases would nearly triple the current rates. The Senate has yet to vote on the bill.

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