During the 1930s, the U.S. economy was not doing so well. It had just gone through the depression and was still feeling its effects. At this time, the housing market was in a terrible slump, and there was no industry to speak of. So, in efforts to bolster the mortgage sector of the industry, the government created the Federal Housing Administration to help.
See how the FHA helped bring home mortgage loan rates down and made it easier for home mortgage consumers to obtain low home mortgage loan rates without going through home mortgage loan rate hassles. Obtain a free home mortgage loan rate today!
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Reference text: Mortgage Loans: What’s Right for You?, by James E. Bridges with Deborah J. Bridges. Copyright 1989, Published by Betterway Publications, Inc., Crozet, VA