January 21, 2017

Trump makes it harder for low income home owners & first time buyers

Independent, UK - One of Donald Trump’s first acts as President was to increase the cost of mortgages for low-income and first-time buyers. The Republican suspended one of the final decisions by former President Barack Obama that would have cut Federal Housing Administration insurance premiums by 0.25 per cent, meaning the average borrower would save around $500 a year. The cut was expected to help a quarter of a million more people afford home loans over the next three years.

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