STOP GIVING AWAY MY TAXES!
This is what COMMUNISTS do; they DESTROY SH!T then OFFER THE FIX WITH STRINGS ATTACHED.
These are the fees being lowered. Basically the banks will have to pay less of an insurance premium to the FHA but still have the FHA back the loan when the buyer can't make payments because doing so is racist or whatever. And as the economy keeps crashing and loans default, the government will be left holding the tab with little money brought in (the insurance fees) to pay for it.
$800? Cool! That’s appropriately 7 1/2 dozen eggs, yes?
U.S. home sales dropped to their lowest level in more than 12 years in January...
This will fail, as all other government programs, and the left will demand a strengthening of the failed program, which will also fail, leading the politicians to demand a strengthening .....
Repeat until doomsday.
Because it always has worked out so well when the gummint helps people buy houses who can’t afford them.
Big deal. $800 is a pittance when compared to all the costs associated with home ownership (rising property taxes, utility costs, home insurance, maintenance and repairs, etc.).
Its only a $66/mo savings which will be quickly eaten up by inflationary pressures.
I recently sold a house for a relative. The realtor treated the one offer backed with an FHA mortgage with the same disgust as a dead mouse left by a cat. Fortunately it was the lowest offer, but even if it was best she recommended against it unless it was the only offer.