On His First Day in Office, Trump Raises Taxes on Middle-Class Homebuyers

In one of the first official acts of his presidency, Donald Trump has increased taxes on a million middle-class homebuyers.

The Department of Housing and Urban Development on Friday reversed a scheduled 0.25 percent cut in mortgage insurance premiums issued by the Federal Housing Administration (FHA). For a mortgage worth $200,000, this adds $500 to a homebuyer’s annual costs.  Read more.