Biden Announces New Plan to Help Homeowners Save on Mortgage Costs
Pro Builder
FEBRUARY 23, 2023
Under the new initiative, the Federal Housing Administration will reduce mortgage insurance premiums by 0.3 percentage points to 0.55% for FHA-insured mortgages. FHA-insured mortgages, which accounted for 7.5% The program is set to begin on March 20, and will help an estimated 850,000 U.S.
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