WASHINGTON, D.C. – January 13, 2015 – (RealEstateRama) – Secretary Julián Castro will deliver a speech, 2015: The Year for Housing Opportunity, at the National Press Club today at noon. As part of his remarks, Secretary Castro will highlight the important role housing plays in our nation’s economy.
Last week in Phoenix, the Administration announced that the Federal Housing Administration (FHA) will reduce the annual premiums new borrowers will pay by half a percent. This action is projected to save more than two million FHA homeowners an average of $900 annually and spur 250,000 new homebuyers to purchase their first home over the next three years.
Today’s speech will be available on C-SPAN TV or at www.c-span.org