HUD’s Role in Homeownership and Supporting the American Dream

June is National Homeownership Month, a time to celebrate the value of owning a home and to promote opportunities for more Americans to achieve that goal. One of the key players helping make homeownership more accessible, especially for first-time buyers and those with limited financial resources, is the U.S. Department of Housing and Urban Development (HUD). HUD plays a critical role in advancing the mission of National Homeownership Month by providing essential resources, education, and support for homebuyers. Established in 1965, HUD’s mission is to create strong, sustainable, inclusive communities and quality affordable homes for all. This month is the…
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What’s Ahead For Mortgage Rates This Week – January 12, 2015

Last week's economic news was dominated by labor reports and FHA's announcement that it will lower its mortgage insurance premiums in an effort to make homes more affordable for first-time and moderate income home buyers. Mortgage rates fell last week as employment reports showed strengthening job markets. The details: FHA Lowers Mortgage Insurance Premiums HUD, the agency that oversees FHA, announced Thursday that it will lower annual mortgage insurance premiums by0.50 percent. The change is expected to become effective toward the end of January; HUD stated in its press release that a Mortgagee Letter outlining the changes will be issued…
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