Sanders Welcomes Relief for New Homebuyers
WASHINGTON, Jan. 7 โ Sen. Bernie Sanders (I-Vt.) welcomed President Barack Obamaโs announcement today that the Federal Housing Administration will cut mortgage-insurance premiums as part of an effort to expand opportunities for first-time homebuyers. Annual fees the agency charges to guarantee mortgages will be cut by 0.5 percentage points from the current rate of 1.35 percent. Sanders and 17 other