Trump's Housing Order Targets Mortgage Fees as Fixed Rate Averages 7.32%

President Donald Trump’s Oct. 22 housing order targets mortgage fees and some direct-loan rates, as the U.S. 30-year fixed mortgage average registered 7.32% for the week ending Oct. 22. The order calls for a conditional pilot to make private mortgage insurance easier to cancel. It would cover only mortgages made after the pilot is established, and cancellation would still depend on equity, payment history and other requirements. The order also seeks to expand alternatives to lender’s title insurance for qualifying refinances. Those insurance and title provisions do not change the marketwide mortgage rate. Separately, the order directs the U.S.

Source: TokenPost