As FHA borrowers face mounting affordability pressure and rising delinquency rates, a new bipartisan bill called the “Mortgage Insurance Freedom Act” (HR 5508) has been referred to the House Financial Services Committee.

FHA loans are insured by the federal government and financed through lenders that sell the loans into securities guaranteed by Ginnie Mae. That backing lets investors accept slightly lower yields, helping lenders offer lower note rates to borrowers with modest credit scores or smaller down payments.

On Thursday, mortgage rates data from Mortgage News Daily (MND) showed that the 30-year fixed rates for government loans fell below 6%. As of Thursday afternoon, the average Federal Housing Administration (FHA) loan rate was 5.97% and the U.S. Department ...

With the average savings account paying 0.40%, according to the Federal Deposit Insurance Corporation (FDIC), it might feel a little bleak for savers. However, high-yield savings accounts still offer a way to get a little more yield.