Episode 56: HUD worked hard to give us a 30 bps cut for FHA loans

As the financial world holds its breath, waiting for the Federal Reserve to make its move, the question on everyone's mind is: when will they pause? The future seems covered in a haze of uncertainty, with no clear answer in sight. Will the Fed raise rates one more time? Three more times? 50 and then 25? It's like a game of roulette where nobody knows where the ball will land.HUD has worked its divine powers to bless us with a cut for FHA loans.A 30 basis point reduction in the monthly MIP was granted, resulting in a whopping $670 a year savings in mortgage insurance for nearly 850,000 homeowners.Housing has become more affordable, and we can all breathe a little easier knowing that our pockets will be a little fuller.#KPTalks #inflation #fightinflation #fightinginflation #uncertainty #HUD #MIP #mortgageinsurance #affordablehousing