White House to roll out plan to lower first-time home buyers’ mortgage costs

News

The White House on Wednesday will unveil a plan to reduce mortgage insurance fees charged to first-time home buyers, helping an estimated 850,000 borrowers save about $800 a year on the cost of a typical loan, it said in a statement.

Reuters Note

U.S. home sales dropped to their lowest level in more than 12 years in January

– You can always count on Govt policy to support house prices!

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