Reader Comment on Home Buying Troubles

From last week’s open thread:

“My fiancee and I are in the process of buying a house – we’re almost done with the inspection and we were almost to the home stretch until this insane financial crisis caused PMI (private mortgage insurance) to skyrocket. I know we’re lucky to even GET a loan, but the payments we had projected have gone up by several hundred dollars. Now we aren’t sure if we’ll be able to afford our payments! We’re running through all the scenarios now and hoping for the best, but we’re very nervous…”

This is crazy. Isn’t PMI fixed? Does it often fluctuate? Sorry to hear of the headache. Let us know what happens.

Recent Stories

Yesterday we noted the “new” Nixon Campaign Headquarters that sprouted in the old Caribou Coffee space at 17th and Pennsylvania Ave, NW. Thanks to all who passed on this alert…

SUV on Side in Bloomingdale

photo by Trent Bauserman Thanks to Trent for sending around 8:30am: “Overturned car in Bloomingdale, 1st and Randolph”

Yesterday there were 60,018 total positives. explore all the official D.C. data here From the Mayor’s Office: “The District’s reported data for September 23, 2021 includes 188 new positive coronavirus…

From an email: “THe Washington National Cathedral announced that it will replace its former Confederate-themed stained glass windows, which were removed in 2017, with racial justice-themed windows created by world-renowned…


Subscribe to our mailing list