President Obama just announced a half percentage point reduction in the mortgage insurance premium for FHA loans.
http://www.usnews.com/news/articles/2015/01/08/president-barack-obama-an...
I just closed on my first home a few days before this announcement and I would really love for this discount to apply to my loan, as I am sure most new home buyers would too. This will allow us to spend more money on home improvements in the older homes that we are buying up, which will help the economy and the real estate market in turn.