JakeStarkey
Diamond Member
- Aug 10, 2009
- 168,037
- 16,520
Trump's people have put the FHA on hold, and mortgages dropped 3.2% because of the hold on government-insured loans. Will they put VA loans on hold as well. And volume dropped 18% from the same week the year before. This occured as "a direct result of the Trump administration reversing a cut in the FHA's annual mortgage insurance premium just hours after the inauguration", ending the "the last major policy act of the Obama administration and would have decreased monthly payments for thousands of new, lower-income borrowers"
The result obviously must the desire of Trump's people to have home owners pay higher interest rates to the banks.
Trump’s first housing move tanks mortgage applications 3.2%
Such evil people.
The result obviously must the desire of Trump's people to have home owners pay higher interest rates to the banks.
Trump’s first housing move tanks mortgage applications 3.2%
Such evil people.