Today news
About the same in other media
Biden Administration to Cut Mortgage Insurance Costs for Lower-Income Buyers
Reading now: 809
WASHINGTON—The Biden administration will trim costs under a mortgage program for first-time and lower-income buyers, a bid to boost affordability while median home prices remain near record highs, the White House said Wednesday.
The Federal Housing Administration will reduce the fee borrowers pay to have their mortgages insured by the agency by about $800 a year on a typical loan, or 0.3 percentage point, the White House said. Officials expect the fee reduction to benefit roughly 850,000 home buyers and homeowners in 2023.
Read more on wsj.comAbout this in other media
Biden’s Budget Proposal for 2024: What to Know wsj.com /1 year ago
Joe Biden’s Budget Proposal for 2024: What to Know wsj.com /1 year ago
Senate Plan Aims to Revitalize Beaten-Down Communities wsj.com /1 year ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
