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New measures that cut the cost of FHA mortgage loans roll out in March

Por: NBC News Business February 24, 2023

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The Biden administration has announced new measures it says could help make buying and owning a home more affordable for hundreds of thousands of people. The plan will cut mortgage insurance costs by 30% for buyers who take out Federal Housing Administration-backed mortgage loans, from 0.85% to 0.55%. The reduction could save 850,000 homebuyers and homeowners who have FHA loans an average of $800 this year, according to the Biden... + full article



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