On day one of his administration, President Donald Trump suspended a quarter point decrease in the FHA mortgage insurance premium that was set to begin on Jan. 27.
The decrease was designed to make FHA mortgages more affordable as mortgage interest rates are on the rise and allow more people to qualify for home ownership.
The National Association of Realtors expressed disappointment stating that “roughly 750,000 to 850,000 home buyers will face higher costs, and 30,000 to 40,000 new home buyers will be left on the sidelines in 2017 without the cut …”
If I had voted for Donald Trump based on his promise to make “America Great Again,” I would be curious as to why that doesn’t include giving more people an opportunity to own their homes.
But maybe his supporters aren’t aware. There’s little media coverage of this mean-spirited action because we are all distracted by the facts and alternative facts of crowd counts for the inauguration.
Shirley Howland lives in Clearlake, Calif.
Howland: Actions speak louder than words
- Shirley Howland