January 1, Trump Cuts Red Tape to Lower Mortgage Costs for American Families

Wyatt’s Take

• President Trump is slashing mortgage insurance and refinance fees to help working families keep their homes.
• Rates above 7 percent have locked out many buyers and made monthly payments unaffordable for regular folks.
• This order takes direct aim at the costly rules that have driven up housing expenses across the heartland.

President Trump signed an executive order that targets the hidden fees keeping families from owning homes. The move focuses on mortgage insurance, title insurance during refinancing, and the rates charged on USDA and VA loans. Thirty-year mortgage rates have climbed above 7 percent, making home ownership harder for working Americans.

Many families are watching their monthly payments rise as rates stay high. The new order aims to cut the extra costs that come on top of those high rates. By trimming mortgage insurance and refinance fees, the administration hopes to ease the burden on families trying to buy or keep their homes.

“A new executive order targets mortgage insurance, title insurance on refinances and rates on USDA and VA loans as 30-year mortgage rates hover above 7%.”

Wyatt Matters

Working families deserve a fair shot at owning a home without government rules driving up the price. This order puts Main Street ahead of special interests and gives heartland Americans a better chance to build wealth through home ownership.