10/23/2026
October 22nd, 2026's Executive order, Eases the Housing Market with several positive changes aimed at lowering upfront borrowing costs, as well as reducing housing expenses for new homeowners.
Here is a direct link below, as well as a brief summary by Brian Koncul with First Coast Mortgage 912-398-4387. If you are aspiring to become a first time homeowner, or if you haven't owned a home in the last few years, and have any questions, give us a call at 912-289-3891. We'd love to chat, and share with you all the assistance programs available and see what you qualify for. It is a Buyer's Market! Don't miss out on what could turn out to be your best window of opportunity to make that first step towards home ownership!
https://www.whitehouse.gov/presidential-actions/2026/10/decreasing-housing-costs-for-the-american-people/?utm_source=wh_social_share_button
1. Mortgage insurance cancellation process will be dramatically overhauled to make it easier and quicker for homeowners to remove their mortgage insurance.. The new rules allow Fannie & Freddie to use their automatic valuation tools (like with appraisal waivers) to proactively eliminate mortgage insurance using current values, this will save homeowners the cost of an appraisal as well as the time involved submitting for PMI cancellation. Under current rules, the homeowner must initiate a request and pay for an appraisal in most cases to show they have the 20% equity for PMI removal. Otherwise, they have to wait until they have reached 20% equity based on the initial purchase price meaning they were unable to take advantage of appreciation in value
2. VA & USDA have been directed to lower their baseline interest rates. All government loan providers (this will expand to FHA as well) are being ordered to further subsidize their base interest rates, which will help bring rates down across the board for all borrowers obtaining VA, FHA, or USDA financing.
3. Reduced regulations and costs for development of manufactured housing.
By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered: Section 1. Purpose. Every child deserves a safe and nurturing home where they can learn, grow, and reach their full potential. Adoption makes that possible by opening th...
