{"id":2506507,"date":"2025-11-04T12:54:02","date_gmt":"2025-11-04T17:54:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/former-trump-official-trump-is-clearing-the-path-to-cheap-homeownership\/"},"modified":"2025-11-04T12:56:52","modified_gmt":"2025-11-04T17:56:52","slug":"former-trump-official-trump-is-clearing-the-path-to-cheap-homeownership","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/former-trump-official-trump-is-clearing-the-path-to-cheap-homeownership\/","title":{"rendered":"Former Trump Official: Trump Is Clearing the Path to Cheap Homeownership"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fformer-trump-official-trump-is-clearing-the-path-to-cheap-homeownership%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2506507&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>The article discusses the challenges many Americans face in achieving homeownership, a key part of the American Dream. Rising home prices, persistent interest rates, and the need for significant down payments have made it difficult, especially for first-time buyers. Recent data indicate that a household earning the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/some-families-with-no-one-working-can-receive-up-to-six-figures-of-welfare-in-three-states\/\" title=\"Some ... With No One Working Can Receive Up To Six Figures Of Welfare In Three States\">national median income<\/a> of $80,610 might need up to 26 years to save for a 20% down payment on a median-priced home.<\/p>\n<p>President Trump has addressed the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/riding-post-recall-mandate-newsom-bans-most-single-family-only-zoning-in-california\/\" title=\"Riding Post-Recall Man..., Newsom Bans Most Single-Family-Only Zoning In California\">housing affordability crisis<\/a> by proposing measures such as reducing bureaucratic hurdles to increase housing construction, using unused federal land for new homes, and lowering interest rates. A notable legislative success highlighted is the restoration and permanent reinstatement of the mortgage insurance premium deduction. This tax deduction, previously used by millions and worth billions, expired in 2021 but is now back thanks to recent laws, providing financial relief to working families.<\/p>\n<p>The article emphasizes the importance of private mortgage insurance (PMI), which helps buyers qualify for mortgages with down payments as low as 3%.PMI premiums have decreased by about 25% as 2017, partly due to tax law changes, making homeownership more affordable. the piece presents these policy actions as meaningful steps toward making the dream of homeownership more accessible for middle-class Americans.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<section> \t\t\t\t<script>console.log(\"ad slot (AC1)\")<\/script><script>console.log(\"ad slot (IC1)\")<\/script><script>console.log(\"ad slot (IC2)\")<\/script><script>console.log(\"ad slot (IC3)\")<\/script><\/p>\n<p>Homeownership is at the heart of the American Dream.<\/p>\n<p>Unfortunately, in recent years, it has felt increasingly out of reach for many hardworking Americans. From high home prices to stubborn interest rates to the perception of needing to save for a large down payment, first-time homebuyers face an uphill battle, and many families wonder if they will ever get a chance to own a home.<\/p>\n<p>New data confirm these concerns and suggests that it could take the average American household earning the <a href=\"https:\/\/www.demandsage.com\/average-us-income\/\" target=\"_blank\" rel=\"noopener\"><a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/the-decline-of-the-american-work-ethic-will-exacerbate-the-oncoming-recession\/\" title=\"The Decline Of The American Work Ethic Will Exacerbate The Oncoming Recession\">national median household income<\/a><\/a> of $80,610 as long as <a href=\"https:\/\/www.usmi.org\/wp-content\/uploads\/2025\/08\/MI-in-Your-State-Report-2025.pdf\" target=\"_blank\" rel=\"noopener\">26 years<\/a> to save for a 20 percent down payment for a home at the 2024 median sales price of $412,500. That is a long time spent saving and watching from the sidelines.<\/p>\n<p>President Trump has spoken about the need to tackle the housing affordability crisis head-on.<\/p>\n<p>He has introduced commonsense ideas like cutting red tape to boost home construction, leveraging unused federal land for new housing supply, and lowering interest rates.<\/p>\n<p>  <script> console.log(\"A\/B Test Video Player\"); \/\/ Helper function to set a cookie function setVideoCookie(name, value, days) {     var expires=\"\";     if (days) {         var date=new Date();         date.setTime(date.getTime() + (days*24*60*60*1000));         expires=\"; expires=\" + date.toUTCString();     }     document.cookie=name + \"=\" + (value || \"\")  + expires + \"; path=\/\"; }  \/\/ Helper function to get a cookie function getVideoCookie(name) {     var nameEQ=name + \"=\";     var ca=document.cookie.split(';');     for(var i=0; i <ca.length; i++) {         var c=ca[i];         while (c.charAt(0)==' ') c=c.substring(1,c.length); 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    }); }  \/\/ anyclip function anyclipPlayer() {     document.addEventListener(\"DOMContentLoaded\", function() {         function loadAnyclip() {             const container=document.getElementById(\"videoPlayer\");             if (!container) return;              const script=document.createElement(\"script\");             script.src=\"https:\/\/player.anyclip.com\/anyclip-widget\/lre-widget\/prod\/v1\/src\/lre.js\";             script.setAttribute(\"pubname\", \"westernjournalcom\");             script.setAttribute(\"widgetname\", \"001w000001jULVcAAO_M12924\");              \/\/ append inside the container so player shows in correct spot             container.appendChild(script);         }         function findPreviousParagraph(selector, x) {             const targetElement=document.querySelector(selector);             if (!targetElement) {                 console.warn(\"Target element not found.\");                 return null;             }              \/\/ Get all \n\n<p> elements in order as they appear in the document             let paragraphs=Array.from(document.querySelectorAll(\"p\"));              \/\/ Find the index of the last <\/p>\n<p> before the target element             let targetIndex=paragraphs.findIndex(p=> p.compareDocumentPosition(targetElement) & Node.DOCUMENT_POSITION_PRECEDING);              if (targetIndex===-1 || targetIndex <x) {                 console.warn(\"Not enough paragraphs before the target element.\");                 return null;             }              return paragraphs[targetIndex - x];         }          \/\/ Set up IntersectionObserver         function observeElement(element) {             if (!element) return;              const observer=new IntersectionObserver(                 (entries)=> {                     entries.forEach(entry=> {                         if (entry.isIntersecting) {                             console.log(\"Paragraph is now visible:\", entry.target.textContent.trim());                             loadAnyclip();                             observer.disconnect();                         }                     });                 },                 { threshold: 0.5 } \/\/ Adjust threshold as needed             );              observer.observe(element);         }          \/\/ Find the 1st paragraph before #videoPlayer and observe it         let paragraphToObserve=findPreviousParagraph(\"#videoPlayer\", 2);         observeElement(paragraphToObserve);     }); }  \/\/ stn function stnPlayer() {     \/\/ may want to pass in         document.addEventListener(\"DOMContentLoaded\", function() {         function loadScript(src) {             const script=document.createElement(\"script\");             script.src=src;             script.async=true;             document.body.appendChild(script);         }         function findPreviousParagraph(selector, x) {             const targetElement=document.querySelector(selector);             if (!targetElement) {                 console.warn(\"Target element not found.\");                 return null;             }              \/\/ Get all <\/p>\n<p> elements in order as they appear in the document             let paragraphs=Array.from(document.querySelectorAll(\"p\"));              \/\/ Find the index of the last <\/p>\n<p> before the target element             let targetIndex=paragraphs.findIndex(p=> p.compareDocumentPosition(targetElement) & Node.DOCUMENT_POSITION_PRECEDING);              if (targetIndex===-1 || targetIndex <x) {                 console.warn(\"Not enough paragraphs before the target element.\");                 return null;             }              return paragraphs[targetIndex - x];         }          \/\/ Set up IntersectionObserver         function observeElement(element) {             if (!element) return;              const observer=new IntersectionObserver(                 (entries)=> {                     entries.forEach(entry=> {                         if (entry.isIntersecting) {                             console.log(\"Paragraph is now visible:\", entry.target.textContent.trim());                             loadScript(\"https:\/\/embed.sendtonews.com\/player3\/embedcode.js?fk=s28Az7AY\");                             observer.disconnect();                         }                     });                 },                 { threshold: 0.5 } \/\/ Adjust threshold as needed             );              observer.observe(element);         }          \/\/ Add custom styles for STN player         const style=document.createElement('style');         style.textContent=`         #videoPlayer {             min-height: 460px;             margin-bottom: 10px;         }         @media only screen and (max-width: 780px) {             #videoPlayer {                 min-height: 200px;             }         }         `;         document.head.appendChild(style);          \/\/ Add needed div for STN player         const stnDiv=document.createElement(\"div\");         \/\/ add data-stn-player attribute         stnDiv.setAttribute(\"data-stn-player\", \"s28Az7AY\");         document.getElementById(\"videoPlayer\").appendChild(stnDiv);           \/\/ Find the 1st paragraph before #videoPlayer and observe it         let paragraphToObserve=findPreviousParagraph(\"#videoPlayer\", 2);         observeElement(paragraphToObserve);     }); }  \/\/ Assign user to a group window.adUserGroup=assignSplitTestGroup(); let isSubbed=getCookie( 'ff_subbed' );  \/\/ Example usage if (isSubbed) {     console.log('User is subscribed, not running a player'); } else if (window.adUserGroup==='A') {     console.log('Running Aditude player for group A');     aditudePlayer(); } else if (window.adUserGroup==='B') {     console.log('Running Anyclip player for group B');     anyclipPlayer(); } else {     console.log('Running STN player for group C');     stnPlayer(); } <\/script> <\/p>\n<p>While these goals will understandably take time to accomplish, President Trump and Congress have already delivered a big victory for working families by restoring and making permanent the ability to deduct mortgage insurance premiums, which will put money back into the pockets of millions of taxpayers and homebuyers.<\/p>\n<p>This tax deduction isn&rsquo;t a new concept, but its return is certainly welcome.<\/p>\n<p>Homeowners were able to claim it for years, until Washington let it expire in 2021. In fact, Americans <a href=\"https:\/\/mortgage.archgroup.com\/the-65-billion-tax-break-that-just-changed-everything-for-homebuyers\/#:~:text=The%20tax%20code%20previously%20allowed,(PMI)%20on%20conventional%20loans.\" target=\"_blank\" rel=\"noopener\">previously used<\/a> the deduction 44 million times for combined deductions of $65 billion. In the last year it was available, taxpayers received back an average of more than $2,300. For middle-class families, that&rsquo;s real money &mdash; enough to cover monthly bills, put food on the table, or help with school expenses for the kids. Thanks to the One Big Beautiful Bill Act, that tax relief is now back for good.<\/p>\n<p>The impact of this deduction can be substantial. In 2024 alone, <a href=\"https:\/\/www.usmi.org\/press-release-new-report-800000-low-down-payment-borrowers-purchased-homes-in-2024-with-private-mortgage-insurance\/\" target=\"_blank\" rel=\"noopener\">more than 800,000<\/a> Americans purchased homes with the help of private mortgage insurance. Nearly two-thirds were first-time buyers, and many earned under $75,000 a year. These aren&rsquo;t Wall Street investors &mdash; they&rsquo;re teachers, nurses, police officers, and young families finally getting their foot in the door of homeownership.<\/p>\n<p>Private mortgage insurance is a powerful financial tool for the working class, as it enables homebuyers to qualify for mortgage financing with down payments as low as 3 percent, meaning buyers can come to the closing table with tens of thousands of dollars less, on average. Paid monthly by the borrower, it is also temporary; it can be canceled when a homeowner establishes 20 percent equity and automatically ends when 22 percent of the original home value is scheduled to be paid off. After that, borrowers are no longer responsible for paying the monthly premium, leaving more money in homeowners&rsquo; pockets.<\/p>\n<p>Importantly, private MI is affordable compared to other costs of homeownership.<\/p>\n<p>While homeowners insurance and property taxes have climbed in recent years, private MI premiums have declined steadily. Public data show that private MI premiums have fallen by about 25 percent since 2017 &mdash; a stark contrast to nearly every other expense tied to owning a home. A key factor driving this trend is the industry passing on savings to homebuyers as a result of President Trump&rsquo;s 2017 tax law. That means families are paying less for private MI today, while still reaping its benefits.<\/p>\n<p>The American Dream of homeownership is alive, and it just got more affordable. The restoration of the <a href=\"https:\/\/amzn.to\/3YuVZYV\" >mortgage insurance deduction means homeownership<\/a> is now closer within reach for millions of families. It is a concrete win at a time when Americans are eager to see results from Washington.<\/p>\n<p>That&rsquo;s good news for working families &mdash; and it&rsquo;s worth celebrating.<\/p>\n<\/p>\n<p><i><b>The views expressed in this opinion article are those of their author and are not necessarily either d or endorsed by the owners of this website. If you are interested in contributing an Op-Ed to The Western Journal, you can learn about our submission guidelines and process <a href=\"https:\/\/www.westernjournal.com\/submitop-ed\/\">here<\/a>.<\/b><\/i><\/p>\n<div style=\"position: relative;\">\n<div class=\"ff-fancy-header-container\"> \t\t\t \t<\/div>\n<div class=\"entry-submit-correction inner-content\">\n<div class=\"correction-form\">\n<form style=\"display: none;\">\n<div class=\"sc-name-field\"> \t\t\t\t\t\t<label>* Name<\/label> \t\t\t\t\t\t<br \/> \t\t\t\t\t\t<input type=\"text\" name=\"name\" required> \t\t\t\t\t<\/div>\n<div class=\"sc--field\"> \t\t\t\t\t\t<label>* <\/label> \t\t\t\t\t\t<br \/> \t\t\t\t\t\t<input type=\"text\" name=\"\" required> \t\t\t\t\t<\/div>\n<p> \t\t\t\t\t<label>* Message<\/label> \t\t\t\t\t<br \/> \t\t\t\t\t<textarea name=\"message\" required><\/textarea> \t\t\t\t\t \t\t\t\t\t<\/p>\n<div class=\"required-message\" style=\"display: none; padding-bottom: 15px;\">* All fields are required.<\/div>\n<p> \t\t\t\t\t<input type=\"submit\" value=\"Submit\" onclick=\"event.preventDefault(); firefly_sc();\"> \t\t\t\t\t \t\t\t\t\t<\/p>\n<div class=\"firefly-sc-confirm\" style=\"display: none;\">Success!<\/div>\n<\/p><\/form>\n<\/p><\/div>\n<\/p><\/div>\n<p> \t\t<script> \t\t\tfunction firefly_sc() { \t\t\t\tif( typeof window.captchaPublicKey==typeof undefined ){ \t\t\t\t\tconsole.error('window.captchaPublicKey is not defined'); \t\t\t\t} \t\t\t\tgrecaptcha.execute( window.captchaPublicKey, { action: 'submit_correction' } ).then( function( token ) { \t\t\t\t\tvar opts={ \t\t\t\t\t\taction:    'firefly_sc_submit', \t\t\t\t\t\tname:      document.querySelector( '.entry-submit-correction [name=\"name\"]' ).value, \t\t\t\t\t\t:     document.querySelector( '.entry-submit-correction [name=\"\"]' ).value, \t\t\t\t\t\tmessage:   document.querySelector( '.entry-submit-correction [name=\"message\"]' ).value, \t\t\t\t\t\tpost_id:   firefly_post_id, \t\t\t\t\t\tcap_token: token \t\t\t\t\t}  \t\t\t\t\tvar inputs=[ 'name', '', 'message' ];  \t\t\t\t\tfor( var i=0; i <inputs.length; i++ ) if( ! 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However, in recent years, it has become increasingly difficult for many hardworking Americans to achieve. Factors such as rising home prices, persistent interest rates, and the belief that a large down payment is necessary have made it challenging for first-time buyers. Many families question whether they will ever be able to own a home<\/p>\n","protected":false},"author":1,"featured_media":2506508,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2025\/11\/Home-Buying.jpg","fifu_image_alt":"","footnotes":""},"categories":[33651],"tags":[43922,25147,5894,51379,3634],"class_list":["post-2506507","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-western-journal","tag-affordable-housing","tag-homeownership","tag-politics","tag-real-estate-2","tag-trump"],"fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2025\/11\/Home-Buying.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2506507","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2506507"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2506507\/revisions"}],"predecessor-version":[{"id":2506511,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2506507\/revisions\/2506511"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2506508"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2506507"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2506507"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2506507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}