美国总统唐纳德·特朗普签署了一项行政令，旨在降低抵押贷款成本，因为利率上升和通货膨胀使得购房变得更加负担不起。该行政令名为《降低美国人民住房成本》，指示联邦机构主动取消符合条件的未来贷款的抵押保险，并扩大一项使再融资更便宜的计划，以及其他行动。
President Donald Trump signed an executive order that aims to reduce mortgage costs as rising interest rates and inflation make homeownership less affordable order titled "Decreasing Housing Costs for the American People," directs federal agencies to proactively cancel mortgage insurance on eligible future loans and expand a program to make refinancing cheaper, among other actions.
周四，联邦住房金融局局长比尔·普尔特在X平台上发帖称，“数百万美国人将节省成千上万的美元。”但根据抵押贷款网站HSH的副总统基思·甘宾格的说法，如果没有更多细节，很难知道这对未来消费者的影响。
In an X post on Thursday Federal Housing Finance Agency director Bill Pulte said "millions of Americans will save thousands and thousands of dollars." But it's difficult to know the future consumer impact without more details, according to Keith Gumbinger, vice president of mortgage website HSH.
CNBC排名第一的金融顾问采用家族办公室方式，特朗普账户注册人数达到7000万，现在可以接受股票捐赠，数千名房主面临可调利率抵押贷款重置以及更高的付款，社会保障管理局宣布2027年3.6%的生活成本调整，CNBC金融顾问100强：2026年最佳金融顾问和顶尖公司排名，CNBC精英顾问：2026年顶尖超高净值财富管理公司。
CNBC's No. 1 financial advisor takes a family-office approach Trump Accounts hit 70 million enrolled and can now accept stock donations Thousands of homeowners face ARM resets — and much higher payments Social Security Administration announces 3.6% cost-of-living adjustment for 2027 CNBC's Financial Advisor 100: Best financial advisors, top firms for 2026 ranked CNBC Elite Advisors: Top ultra-high net worth wealth management firms for 2026 Trump's executive order comes less than two weeks before the Nov. 3 midterm elections with rising costs and housing affordability a major concern among voters.
特朗普的这项行政令是在11月3日中期选举前不到两周签署的，当时不断上升的成本和住房可负担性是选民的主要关切。它延续了之前的行政令，旨在限制华尔街公司购买独户住宅，以及其他行动。
It builds on previous orders to restrict Wall Street firms from buying single-family homes, among other actions.
近年来，购房变得更加负担不起。根据美联储在10月初发布的最新《消费者财务调查》，2025年，中等价格住宅的30年期固定利率抵押贷款月供约占中等收入家庭收入的33%，而2022年为26%。
Homeownership has become less affordable in recent years. In 2025, the monthly payment for a 30-year fixed-rate mortgage on a median-priced home was roughly 33% of the median family's income, up from 26% in 2022, according to the Federal Reserve's latest Survey of Consumer Finances published in early October.
无论您是现有房主还是未来购房者，以下是关于这项新行政令的一些关键信息。抵押贷款保险变更常规贷款——即不受美国政府项目担保或支持的抵押贷款——通常要求在首付低于房屋购买价格 20% 时购买私人抵押贷款保险（PMI）。相比之下，联邦住房管理局（FHA）抵押贷款要求所有贷款都购买抵押贷款保险。
Whether you're a current homeowner or future buyer, here are some of the key things to know about the new executive order. Mortgage insurance changes Conventional loans — mortgages not insured or backed by U.S. government programs — typically require private mortgage insurance, or PMI, when a down payment is less than 20% of the home's purchase price. By contrast, Federal Housing Administration mortgages require mortgage insurance on all loans.
根据白宫的说法，特朗普的行政命令指示联邦住房金融局（FHFA）创建一个试点项目，一旦符合条件的借款人房屋净值达到一定门槛，即“主动”取消其抵押贷款保险。这将适用于试点项目启动后发放的抵押贷款。
Trump's executive order directs the FHFA to create a pilot program that cancels eligible borrowers' mortgage insurance "proactively" once their home equity reaches a certain threshold, according to the White House. This would apply to mortgages originated after the pilot program launches.
目前，根据房利美（Fannie Mae）的规定，常规贷款借款人通常可以在贷款余额低于购买价格的 80% 或净值达到 20% 后移除 PMI。一旦您的余额低于 80%，您可以询问贷款服务商是否有资格移除 PMI，或者当余额达到原始价值的 78% 时，他们可能会自动移除。周四声明美国抵押贷款保险公司协会主席塞思·阿普尔顿表示：“我们赞扬总统关注降低未来购房者的成本，私人抵押贷款保险行业引以为豪，已经在实现这一目标。”
Currently, conventional loan borrowers can generally remove PMI once their loan balance is below 80% of the purchase price or once they have reached 20% equity, according to Fannie Mae. Once your balance is below 80%, you can ask your loan servicer if you're eligible to remove PMI, or they may remove it automatically when your balance reaches 78% of the original value. statement Thursday Seth Appleton, president of U.S. mortgage insurers, an industry trade organization, said: "We commend the President's focus on lowering costs for future homeowners, and the private mortgage insurance industry is proud to already be delivering on that goal."
根据房利美的数据，PMI 的费用通常为贷款金额的年化 0.2% 至 2%，但会根据首付规模、信用评分、借款金额和其他因素而有所不同。
Typically, the cost of PMI can be 0.2% to 2% of the loan annually but varies based on your down payment size, credit score, amount borrowed and other factors, according to Fannie Mae.
例如，根据房地美（Freddie Mac）的私人抵押贷款计算器，如果您以 10% 首付购买一套 60 万美元的房屋，采用 30 年期固定利率 7.3% 的抵押贷款，您的月度抵押贷款保险费可能为 351 美元。
For example, if you purchased a $600,000 home with a 10% down payment and a 30-year fixed-rate mortgage at 7.3%, your monthly mortgage insurance could be $351, according to a private mortgage calculator from Freddie Mac.
“目前大多数抵押贷款……都带有 PMI，尤其是考虑到房价走势以及近年来首付比例如此之低，”冈宾格说。
"Most mortgages ... are carrying PMI at this point in time, especially with the way home prices have been and down payments being as small as they've been in recent years," Gumbinger said.
根据 Realtor.com 9 月发布的一份报告，2026 年第二季度，房屋首付中位数为房屋购买价格的 13.7%，即 27100 美元。
During the second quarter of 2026, the median home down payment was 13.7% of the home's purchase price, or $27,100, according to a September report from Realtor.com.
白宫表示，特朗普的行政命令还旨在通过将联邦住房金融局（FHFA）的试点项目永久化，降低抵押贷款再融资成本，该试点项目免除贷款人的产权保险政策，并允许采用“成本友好型替代方案”。
Mortgage refinancing costs Trump's executive order also aims to reduce mortgage refinancing costs by making permanent the FHFA's pilot program that waives the lender's title insurance policy and allows "cost-friendly alternatives," according to the White House.
“就目前由房价和抵押贷款利率决定的住房成本而言，我不确定这在多大程度上能起到‘改变游戏规则’的作用，”甘宾格说。“但你知道，每一点节省肯定都有帮助。”据房利美（Freddie Mac）数据，截至 10 月 23 日，30 年期固定利率抵押贷款的利率为 7.32%，与上年同期相比，10 月中旬的再融资需求下降了 59%。
"I don't know that it's necessarily a game-changer in terms of the cost of housing, which is dictated by home price and mortgage rates at the moment," Gumbinger said. "But you know, every little bit certainly helps." As of Oct. 23, mortgage interest rates for 30-year fixed-rate mortgages were 7.32%, according to Freddie Mac, and refinance demand was down 59% in mid-October, compared to the same week the previous year.
前联邦住房金融局局长桑德拉·汤普森在 2024 年 4 月的国会听证会上表示，该试点项目原计划持续到 2027 年 11 月，但“范围有限”，仅适用于贷款价值比低于 80% 的再融资贷款，且仅在少数几个州实施。
Originally planned through November 2027, the FHFA pilot was "limited in scope," for refinances with a loan-to-value ratio below 80%, in a handful of states, former FHFA director Sandra Thompson said during a Congressional hearing in April 2024.
汤普森估计，根据该试点项目出售的贷款，消费者在结清费用方面可节省 500 美元至 1500 美元。
Thompson estimated that consumers could save $500 to $1,500 in closing costs for loans sold under the pilot program.
甘宾格表示，将该项目永久化可为借款人省钱，因为贷款人的产权保险政策（通常是新贷款和再融资贷款的必备条件）“一直相当昂贵”。
Making the program permanent could save borrowers because the lender's title insurance policy, which is usually required for new loans and refinances, "has always been fairly pricey," Gumbinger said.
根据城市研究所 2025 年的一份报告，贷款人的产权及产权保险相关费用通常占抵押贷款结清费用的最大份额。
The lender's title and title insurance-related fees generally make up the largest share of mortgage closing costs according to a 2025 Urban Institute report.