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Private Mortgage Insurance Helps More Families Achieve Homeownership in June

Mortgage Insurance Companies of America (MICA) reports that 161,725 borrowers used private mortgage insurance (PrivateMI) to buy or refinance a home in June. The number of borrowers in June was 10.4 percent higher than the previous month. MICA members have helped more than 2.7 million families during the past twelve months save money by buying or refinancing a home with less than the traditional 20 percent down payment. The average buyer can purchase a house 10 years sooner by using PrivateMI, typically with as little as 3 percent down even less for qualified borrowers. Read more...

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