In his last days in the White House, President Obama signed legislation that had been floating around for over a year. He lowered the Mortgage Insurance Premium (MIP) for FHA loans from 0.85% to 0.60%.
Trump MIP Cut Reversal

In his last days in the White House, President Obama signed legislation that had been floating around for over a year. He lowered the Mortgage Insurance Premium (MIP) for FHA loans from 0.85% to 0.60%.