The White House announced that the FHA is cutting annual mortgage insurance premiums to help more families who have been unable to buy a home enter the market.
Homeowners will save an average of $900 per year due to the 0.5 percentage-point drop in yearly premiums. With the decrease in premiums and an increase in the FHA’s share of the market potentially rising to as much as 25 percent, as many as 14,000 more housing starts could result.
PB Topical Ref
