One of the first things President Donald Trump did after being sworn in was suspend a planned cut in mortgage insurance premiums for Federal Housing Administration loans. Democrats favored the cut as a way to make homes more affordable. Republicans worried lower premiums would increase the risk of a bailout.
The move will cost some homeowners hundreds of dollars a year. And it’s just the beginning. There are many other ways the new administration could impact housing in the days ahead.
Click the above audio player to hear the full story.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.