Debunking Misconceptions: Biden's Housing Financing Plan and Responsible Borrowers.

The Federal Housing Finance Agency (FHFA) has altered the loan fees charged to Americans with mortgages from Fannie Mae and Freddie Mac, which provide more than half of all mortgages in the U.S. Critics claim that the changes benefit individuals with lower credit scores at the expense of borrowers with higher credit scores, but proponents suggest that's an incomplete characterization of the situation. The FHFA is raising fees on loans that are less risky so that it can better serve those who need the help. The changes come at a particularly tenuous time for the housing market, with 30-year mortgage rates hovering near a two-decade high.