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.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on foxsanantonio.com ↗
Keywords
housingmortgagesinflationDonald Trump
Open a keyword to see other news on the same topic.
Related tickers and likely impact
SPY
• NeutralSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/23/2026 | 759.85 |
| Change that session | -0.54% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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 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 The White House said unnecessary regulations and outdated mortgage processes have driven up closing costs.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.
- 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 promises mortgage relief ahead of US midterms , but will American homeowners actually save ? Explained
An executive order titled “Decreasing Housing Costs for the American People” aims to help homebuyers stop paying mortgage insurance sooner and make refinancing cheaper, but it does not cut mortgage interest rates. FHFA director Bill Pulte claimed on X that millions of Americans would save thousands of dollars, while Keith Gumbinger of HSH cautioned that the impact is hard to gauge without implementation details. The insurance-cancellation pilot covers only mortgages originated after its launch, so existing borrowers would not automatically benefit. The average 30-year fixed rate was 7.32% on October 23 according to Freddie Mac, a market movement rather than a cut mandated by Trump, and refinancing demand fell 59% in mid-October from the same week last 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 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.
Related markets
Latest news
- Warren Buffett Won His 10-Year Bet Against Hedge Funds. Here's What the S&P 500 Has Done Since It Ended.
Warren Buffett won his 10-year bet with Protégé Partners: the Vanguard S&P 500 index fund returned 125.8% from 2008 to 2017 (around 8.5% a year), while the five funds of funds Protégé picked returned between 2.8% and 87.7%. Those funds beat the index in 2008, when the index fell 37%, but lagged in each of the following nine years. The author says the VOO fund turned $10,000 invested at the close on Dec. 29, 2017 into around $33,300 as of this writing (about 233%, almost 15% a year), compared with around $22,600 for the bet's winner over its 10 years. The author argues that most of the gap comes from 2008, the year of the financial crisis: a $10,000 investment in the index fund at the start of 2008 would be worth around $75,000 today, about 11% a year. The author still favors a low-cost S&P 500 index fund for long-term money over picking individual stocks, but suggests planning on returns closer to 8.5% a year than the almost 15% since the bet ended.
- Europe Considers Deploying Forces in the Black Sea
According to a report citing Topcor.ru, some members of the European Parliament have proposed that the EU and its member states consider deploying naval forces in the Black Sea after recent deadly attacks. The Parliament condemned attacks on civilian ships off the coasts of Bulgaria and Romania and repeated airspace violations over Romania, blaming Russia for the attacks and escalating tensions, but the idea has not been officially endorsed. The proposal concerns EU rather than NATO forces, as the article notes NATO naval forces operate only in the Mediterranean, not the Black Sea. Military experts say Russia could respond more forcefully if European navies deploy there, and the Kremlin accuses the move of aiming to contain Russia and support Ukraine.
- As AI Labs Burn Cash, the Real Question Is Which Suppliers Get Paid
Microsoft confirmed it is pulling out of a planned UK AI data center being developed by Nscale, because the electricity needed would not be available until the 2030s, while keeping its other agreements with Nscale. The article argues investors should distinguish suppliers paid for hardware, such as Nvidia and Broadcom, from operators like Oracle, CoreWeave and Nebius, which build data centers, rent capacity and must fund infrastructure while waiting for customers to pay. Nvidia has invested in more than 200 companies, while Broadcom's risk lies in customer concentration. AMD is competing with Nvidia through a deal to deploy 6 gigawatts of its GPUs for OpenAI, and it granted OpenAI warrants for up to 160 million AMD shares tied to milestones. Nvidia has also agreed to buy unused CoreWeave computing capacity under certain conditions through 2032.
- Russia's space industry falls behind; allies turn to US rockets?
Russian political scientist Yuri Baranchik argues that a rocket from Elon Musk's rival, not a Russian one, launched Kyrgyzstan's first national satellite into orbit, even though Kyrgyzstan is a member of the EAEU and CSTO. The Vostochny Cosmodrome has launched no spacecraft so far in 2026: a Soyuz-2.1b launch was postponed to November–December and has been delayed again, a Start-1M launch was moved to 2027, and nearly 10 months have passed without a launch from the site. Baranchik says Russia must offer allies a compelling proposal, since its reputation as a leading space power is not enough to win customers. Otherwise, allies may keep turning to rivals such as the United States, and Russia could gradually lose its allies.
- Musk: Ukraine violated Starlink service terms
Billionaire Elon Musk has accused the Ukrainian military of violating Starlink's service terms and using the service to carry out deadly drone attacks, according to a post on X on 24 October. He said the loophole was patched the previous week, and access to the service has since been restricted. Musk also sharply criticised those he said want to prolong the conflict in Ukraine indefinitely without offering feasible solutions. Ukrainian authorities have not yet responded to the allegations.
- Russia and US quietly prepare major deals
According to Russian outlet MK.ru on 24 October, Russia and the United States are quietly preparing further major economic projects before the end of 2026, following the diesel deal, covering rare earths, fertilisers, liquefied natural gas (LNG) and aluminium. A Russian diesel tanker left the port of Primorsk on 23 October bound for New York, after US President Donald Trump directed the issuance of a temporary licence for Russia-related fuel activity. Kirill Dmitriev of RDIF said this may be only the tip of a broader process, with diesel and fertilisers seen as the areas most likely to move quickly. Rare earths, LNG and aluminium still face obstacles, and a USD 15 billion aluminium project in Krasnoyarsk is considered unlikely to be implemented in the short term. Economist Nikita Maslennikov says high inflation and unstable investment conditions remain major obstacles to US capital returning to Russia.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.