Obama Visits Phoenix Arizon

Obama Visits Phoenix Arizon

Today President Obama gave a speech at Central High School. He spoke about housing and how FHA will be making changes. These changes will help first time home buyers and allow them to save on their mortgage payments.  This is a positive move in the right direction to help our housing economy in the Phoenix Metro Area.Image title He said the Federal Housing Administration will begin cutting mortgage insurance in half this month.

The typical homeowner is expected to save $900 a year through the program.

"That $900 can go toward grocery, gas, children's education … that's money back in the economy," the president said.

 



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Dated: January 8th 2015
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