The Biden administration is expected to trim costs under a mortgage program for first-time and lower-income buyers, as median home prices remain near record highs
WASHINGTON—The Biden administration is expected to trim costs under a mortgage program for first-time and lower-income buyers, a bid to boost affordability while median home pricesThe
Federal Housing Administration will reduce the fee borrowers pay to have their mortgages insured by the agency by about $800 a year on a typical loan, or 0.3 percentage point, the people said.
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