Obama’s Phoenix housing speech: Lower mortgage insurance

Obama

ObamaCatherine Reagor, The Republic | azcentral.com

President Barack Obama will announce Thursday in Phoenix a plan to cut the mortgage insurance in half for most first-time homebuyers and some existing owners, a move to make homeownership more affordable for hundreds of thousands, according to the U.S. Department of Housing and Urban Development.

The action from the Federal Housing Administration is expected to save the typical buyer $900 a year in mortgage insurance costs, an0 more families buy their first U.S. home, HUD officials said.

The president, who arrives in Phoenix on Wednesday evening, will discuss his plans in a speech at Central High School. Doors open at 8 a.m. for ticket-holding attendees.

Continued:

Share this!

Additional Articles

News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.