GE Capital Mortgage Insurance Co. and Mortgage Guaranty Insurance Corp. are both cutting their premiums for refinancings and offering to insure loans with no down payments.

Since October, Milwaukee-based MGIC has reduced premiums 5 basis points for refinanced loans. "It's a recognition of what the refi loan represents - a borrower with a proven track record," said a company spokesman.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.