FHA Price Cut Officially Halted Moments After Trump Sworn In

NAR President Bill Brown comments on the FHA price cut made this morning after the inauguration.

A suspension "leaves the door open to implement the cut in the near future," National Association of Realtors President William Brown said Thursday, before the news was made official.

NAR estimates that roughly 750,000 to 850,000 homebuyers would face higher costs and 30,000 to 40,000 new homebuyers will be left on the sidelines in 2017 without the premium reduction.

"For now, we believe that the benefits of the mortgage insurance premium cut will shine through during this review period so it can be quickly put back into place," Brown said.

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