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As interest rates rise, Biden administration will lower the cost of some mortgages by $800 per year

Por: MarketWatch Business February 23, 2023

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The premium is a monthly fee that homeowners with FHA-insured mortgages pay to have their loans insured. It is paid on top of their monthly principal and interest payments. “Today’s announcement is an important step in making homeownership more attainable,” the Biden-Harris administration said in a statement. “This cost-lowering measure will make buying a home more attainable and affordable for more low- and middle-income borrowers.”... + full article



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