WASHINGTON – The Biden administration is weighing a move to reduce mortgage costs For first time and low income buyersA quote to increase power when averaged Home prices at all-time high,
President Biden’s emphasis on affordability has so far focused largely on steps to reduce the odds new home supply, a primary driver of the rapid increase in home prices in recent years. Housing experts said while reducing costs on some borrowers may help marginally, more meaningful steps to address affordability are likely to come only from increased supply.