Trump suspends Mortgage Insurance Premium Cut

Trump suspends Mortgage Insurance Premium Cut

Orlando, FL · Member since 2016 · 48 posts · 13 votes

I'm really interested to hear what the community thinks about Trumps 1st official act as President being a suspension of the new Mortgage Insurance Premium cut.  If you haven't heard about this yet I'll link to an article about it below. I just don't think this helps anyone other than the banks.  

http://money.cnn.com/2017/01/20/real_estate/trump-suspends-fha-premium-rate-cut/index.html

Looking forward to your responses.

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  • Investor · East Haven, CT · Member since 2016 · 53 posts · 25 votes
    9y
    That makes rental much better and that will delay many 3.5 % down payment risky purchase so it is a net positive
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