A pinch of relief for new and lower-income homebuyers
Feb 27, 2023

A pinch of relief for new and lower-income homebuyers

The Biden administration announced last week that it would  lower rates on mortgage insurance for federally-backed mortgage loans. We look into how that could save some cash for new and lower-income prospective homebuyers. That value of retirement savings accounts decreased by over 20% in 2022, according to a new report from Fidelity. China, in response to increasing energy demand, opened a significant number of new coal plants last year and extended the life of existing facilities. And, the BBC reports on talks between the leaders of the EU and UK on averting a potential trade dispute over Northern Ireland.  

Segments From this episode

Who will benefit from the reduced cost of FHA loans?

Feb 27, 2023
The Biden administration is lowering rates on the mortgage insurance people have to pay when they take out a loan backed by the Federal Housing Administration.
The lowered insurance premium could mean savings of between $600 to $1,000 a year, depending on the size of your loan.
Joe Raedle/Getty Images

Retirement accounts fell more than 20% in 2022

Feb 27, 2023
Fidelity Investments reports that average 401(k) and IRA balances fell to around $104,000 in 2022, as financial markets stumbled.
Getty Images

The team

Leanna Byrne Host, BBC
Meredith Garretson Morbey Senior Producer
Erika Soderstrom Producer
Alex Schroeder Producer
Ariana Rosas Producer
Jarrett Dang Digital Producer (gone fishing)
Jesson Duller Media Producer
Nick Esposito Media Producer
James Graham Producer, BBC
Jo Critcher Producer, BBC
Olie D'Albertanson Producer, BBC