Trump’s Executive Order Saves Americans $1 Million in Mortgage Costs – But Will It Last?
With rising interest rates and inflation, homeownership has become less affordable. President Donald Trump has signed an executive order to reduce mortgage costs, directing federal agencies to cancel mortgage insurance on eligible future loans and expand a program to make refinancing cheaper. According to Bill Pulte, millions of Americans will save thousands of dollars, but it's difficult to know the exact consumer impact. The order also aims to reduce mortgage refinancing costs by making permanent a pilot program that waives the lender's title insurance policy. While some experts say it's not a game-changer, every little bit certainly helps. To stay informed about the latest developments in personal finance, subscribe to our channel.
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