Obama Cuts Mortgage Insurance Rates

Obama Cuts Mortgage Insurance Rates

In a move that is intended to help nudge the housing recovery along, the Obama Administration lowers FHA mortgage insurance rates from .85% to .5%. The White House anticipates that this will save impacted homeowners approximately $900 per year. While this reduction is not anticipated to have a wide-ranging effect on the overall housing market, it should help spur more home ownership opportunities for first-time buyers.

Read More

Previous Oil Prices to Impact Homebuilding Stocks?
Next KB Home Stock Hammered

About author

Steve Devorak
Steve Devorak 150 posts

Steve Devorak is a former Director of Land Acquisition and Project Manager with extensive experience in the Southern California land market.

View all posts by this author →

You might also like

Housing Market

California Needs to Build a Staggering Nmber of Homes

It’s no secret that California is grappling with a housing shortage, but a new report quantifies how serious the problem is. Developers are building an average of 80,000 new California

Housing Market

Lots: Builder’s Two Big Questions in 2017

Two difficult questions confront home builders and residential developers amid the uncertainty of the moment, and we’ve been hearing them in the aisles and off the floor during the home

Housing Market

Luxury Home Sales in U.S. Continue to Rise

Sales of luxury homes in most parts of the U.S. have continued to increase over the last year, according to an analysis of more than 40 high-end counties in 16 states, despite concerns from some analysts about a slowdown.