Down, Up, Up (No, This Is Not a Video Game Cheat Code)

The Federal Housing Administration (FHA) is about to lower the cost of mortgage insurance for most new homebuyers. It’s expected to affect 850,000 new homebuyers at a savings of about $800 per year:

https://www.usatoday.com/story/money/personalfinance/real-estate/2023/02/22/mortgage-insurance-premium-new-homeowners-fha/11324173002/

Homebuilders’ confidence is up:

https://smallbiztrends.com/2023/02/nahb-wells-fargo-housing-market-index-february-2023.html

Unfortunately, after a brief drop, so are interest rates:

https://www.cnn.com/2023/02/23/homes/mortgage-rates-february-23/index.html