The Biden administration announced Wednesday a change that will save an estimated 850,000 home buyers primarily low- and middle-income and first-time buyers an average of $800 on home financing costs this year.The move affects mortgage insurance premiums paid by new borrowers who take out loans insured by the Federal Housing Administration.
#people #years #united-states #biden-administration #white-house #administration #housing-market #national-association #mortgage-rates #homeownership
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