In an effort to help the housing market, President Obama announced his decision to introduce a measure to lower mortgage insurance rates on federally issued mortgages.

The new measure Measure is intended to aide hundreds of thousands of people across the country purchase homes.  The measure could offer savings of around $900 for each home buyer and help potential home buyers in a time when finding a bank willing to offer a mortgage is difficult.

For more information about the new bill visit the New York Times