FHA Lowers Its Harangued Mortgage Costs
The Federal Housing Administration is reducing its annual mortgage insurance premiums by 0.5 percentage points in a move "to expand responsible lending to creditworthy borrowers," the White House said in a statement Wednesday afternoon.
• Homeownership is an investment in your future.
• There’s a reason homeownership is called the American Dream. Home is where we make memories, build our futures, and feel comfortable and secure.
• Homeownership strengthens communities. Homeowners are more likely to be involved and engaged in local issues and move less frequently than renters. This helps prevent crime, improve childhood education and support neighborhood upkeep.