White House to Permit 401k Withdrawals for Home Down Payments
White House adviser Kevin Hassett announced a plan allowing retirement fund withdrawals for house down payments, with details to be released by President Trump next week in Davos.
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Latest reporting and analysis tagged with housing affordability.
White House adviser Kevin Hassett announced a plan allowing retirement fund withdrawals for house down payments, with details to be released by President Trump next week in Davos.
U.S. mortgage rates fell sharply after President Trump ordered a $200 billion mortgage bond purchase. The Federal Housing Finance Agency confirmed Fannie Mae and Freddie Mac would execute the buys, with an initial $3 billion purchase reported. The average 30-year fixed rate dropped to 5.99% on Jan. 9. JPMorgan Chase analysts expressed skepticism about the plan's market impact.
Mortgage rates fell after President Trump announced two home affordability initiatives, including a ban on large investors in single-family real estate and a $200 billion mortgage bond purchase plan.