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Obama, in Bid to Ease Home Buying, Cuts Mortgage Insurance Rate
The New York Times: PHOENIX — President Obama announced on Thursday new measures to try to assist a still-sluggish housing market, even as he hailed an economic recovery that he said was finally roaring ahead.
Speaking in Arizona, a state that was hit hard by the country’s mortgage crisis, Mr. Obama said his decision to lower insurance rates on federally issued mortgages would make purchasing a home cheaper for hundreds of thousands of people across the country.
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