The vice president visited Maryland to announce a plan to trim mortgage insurance costs in an effort to expand access to housing. First-time and lower-income homebuyers will soon pay less under their mortgage program. Vice President Kamala Harris spoke Wednesday afternoon at Bowie State University to announce federal action that the White House says will save homebuyers and homeowners who have new mortgages insured by the Federal Housing Administration an average of $800 per year, lowering housing costs for an estimated 850,000 homebuyers and homeowners in 2023.