What the FHA Mortgage-Premium Cut Actually Meant

Philadelphia Inquirer, Feb. 5, 2017–Caitlin McCabe
Lost in the initial noise of Trump’s action, it seemed, was one important thing: Reversing Obama’s decision did not mean costs were going up. The cut had not yet taken effect, meaning the FHA insurance rate – currently 0.85 percent of the loan amount–will stay exactly where it has been since January 2015.