Wednesday, November 4, 2015

OCHN: Lowering FHA insurance fees made housing less affordable

Lowering FHA insurance fees increased sales volumes and prices at the low end. Prices went up faster than incomes, so houses are less affordable.

Further, Last September I noted that High loan costs cause FHA originations to plunge; in fact, FHA financing is so expensive, it’s like taking out a ...
Lowering FHA insurance fees made housing less affordable

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