Biden administration hopes to boost housing market by cutting mortgage insurance premiums

by JILLIAN SMITH | The National Desk

Fri, March 17th 2023, 1:44 AM UTC

A sign announces newly built homes at a development in Sudbury, Ma., on Sunday, March 12, 2023. On Thursday, Freddie Mac reports on this week's average U.S. mortgage rates. (AP Photo/Peter Morgan)

A sign announces a home for sale on Munjoy Hill, Wednesday, Jan. 25, 2023, in Portland, Maine. (AP Photo/Robert F. Bukaty)

FILE - A new housing development is shown in Middlesex Township, Pa., on Oct 12, 2022. On Thursday, Freddie Mac reports on this week's average U.S. mortgage rates. (AP Photo/Gene J. Puskar, File)

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A sign announces newly built homes at a development in Sudbury, Ma., on Sunday, March 12, 2023. On Thursday, Freddie Mac reports on this week's average U.S. mortgage rates. (AP Photo/Peter Morgan)

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