President Trump signed an executive order on Thursday aimed at lowering housing costs ahead of the midterm elections, where inflation and affordability are voters’ main concerns. It directs agencies to reduce mortgage costs, offer cheaper alternatives to title insurance and support manufactured housing. The Federal Housing Finance Agency must create a pilot program to cancel mortgage insurance premiums for borrowers who meet equity requirements based on current market value, while the Departments of Veterans Affairs and Agriculture must cut interest rates on their single-family home loans. The White House said unnecessary regulations and outdated mortgage processes have driven up closing costs. The order comes as the housing market slows and lending costs rise, with inflation at 3.7% last month and 31% of U.S. adults naming the economy as their top concern in an NBC News Decision Desk poll.
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| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/23/2026 | 759.85 |
| Change that session | -0.54% |
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Related news
- Trump signs executive order lowering housing costs
President Trump signed an executive order on Thursday aimed at lowering housing costs ahead of the midterm elections, where inflation and affordability are top voter concerns. The order directs agencies to reduce mortgage costs, offer cheaper alternatives to title insurance and support manufactured housing. The Federal Housing Finance Agency is to create a pilot program to proactively cancel mortgage insurance premiums for borrowers who meet equity requirements, while the Departments of Veterans Affairs and Agriculture must cut rates on single-family home loans, and a multiagency task force will work to lower the cost of building manufactured homes. The move comes as the housing market slows and lending costs rise, with inflation climbing to 3.7% last month while wage gains have been largely flat.
- Trump signs executive order lowering housing costs
President Trump signed an executive order aimed at lowering housing costs ahead of the midterm elections, where inflation and affordability are key voter concerns. The order directs agencies to reduce mortgage costs, offer cheaper alternatives to title insurance, and support manufactured housing. The FHFA director must create a pilot program to proactively cancel mortgage insurance premiums for borrowers who meet equity requirements based on current market value. The Departments of Veterans Affairs and Agriculture must cut interest rates on their single-family home loans, and a multiagency task force will work on lowering building costs and improving manufactured homes. The move comes as the housing market slows and lending costs rise, with inflation at 3.7% last month and wage gains largely flat this year.
- Trump signs executive order lowering housing costs
President Trump signed an executive order aimed at lowering housing costs ahead of the midterm elections, as inflation and affordability weigh on voters. The order directs agencies to reduce mortgage costs, expand access to cheaper alternatives to title insurance, and support manufactured housing. The FHFA is to set up a pilot program to proactively cancel mortgage insurance premiums for eligible borrowers, while the Departments of Veterans Affairs and Agriculture are to lower interest rates on their single-family home loans. The order also creates a multiagency task force on manufactured homes. The move comes as the housing market slows and lending costs rise, with inflation at 3.7% last month and an NBC News Decision Desk poll showing 31% of U.S. adults naming the economy as their top concern.
- Trump signs executive order lowering housing costs
President Trump signed an executive order on Thursday to lower housing costs ahead of the midterm elections, where inflation and affordability are key voter concerns. It directs the FHFA to create a pilot program to proactively cancel mortgage insurance premiums for borrowers who meet equity requirements, expand cheaper alternatives to title insurance, and reduce refinancing closing costs. The Departments of Veterans Affairs and Agriculture are told to cut interest rates on their single-family home loans, and a multiagency task force will look at lowering the cost of building and improving manufactured homes. The order comes as the housing market slows and lending costs rise, with inflation at 3.7% last month and wages largely flat this year. In an NBC News Decision Desk poll, 31% of U.S. adults named the economy as their top concern; the survey covered 19,135 adults online from Sept. 28 to Oct. 12, with a margin of error of ±2.6 percentage points.
- Trump signs executive order lowering housing costs
President Trump signed an executive order aimed at lowering housing costs ahead of the midterm elections, as inflation and affordability are among voters' top concerns. The order directs the FHFA director to launch a pilot program to proactively cancel mortgage insurance premiums for borrowers who meet equity requirements based on current market value, and to expand cheaper alternatives to title insurance and reduce refinancing closing costs. The Departments of Veterans Affairs and Agriculture must cut interest rates on single-family home loans, and a multiagency task force will be created to lower building costs and raise the quality of manufactured homes eligible for federal programs. The move comes as the housing market slows and lending costs rise, with inflation climbing to 3.7% last month while wage gains have been largely flat this year. An NBC News Decision Desk poll found that 31% of U.S. adults named the economy as their top concern.
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The Stoxx 600 fell 0.31% to close at 635.77 points on Friday, down about 1.4% for the week in its steepest weekly loss since early September. Investors were weighed down by unrest in France and higher oil prices, while Kering plunged 16.6% after Gucci's third-quarter sales fell, dragging the luxury index down 3.6%. L'Oréal rose 5.6% after beating sales forecasts, whereas Volvo Cars sank more than 24% to a record low after a bigger-than-expected third-quarter operating loss and plans to cut 2,500 jobs. The European Central Bank meets next week, with investors pricing in a more than 91% probability that it will hold rates steady.
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