FHFA, HUD approve VantageScore 4.0 for government-backed loans

VantageScore 4.0 will now be accepted by Fannie Mae and Freddie Mac, with the Federal Housing Administration also moving to adopt the model. Continue reading

Mortgage rates dipped. See how they’ve evolved over the years

Use our interactive tool to track mortgage rates, and share the latest data with your clients, colleagues and friends. Continue reading

30-year mortgage rate inches down to 4-week low

Mortgage rates have dropped to an average of 6.30 percent, renewing hope in a more active spring homebuying season. Continue reading

Existing-home sales fell 3.6% in March as buyer confidence erodes

Sales dropped in every region of the country in March, yet the median existing-home price climbed to a record high for the month — the 33rd consecutive month of year-over-year price gains, according to NAR’s latest existing-home sales report. Continue reading

Record share of February homesellers cut list prices

More than one-third of February homesellers cut their list price last month, reaching a record high for the month as buyers gained leverage in a market shaped by high mortgage rates, elevated prices and economic uncertainty, according to a Redfin analy… Continue reading

Spring market posted strongest March in 5 years as rates climbed

Zillow’s March Market Report showed pending sales rising 4.6 percent annually, the strongest pace in five years, even as mortgage rates climbed nearly half a point. Continue reading

Rising prices, cooling demand: Interest rates hit a 6-month high

For the first time since October, the monthly cost of buying a home increased, a consequence of the Iran war driving mortgage rates to a six-month high. Continue reading

The market keeps tipping toward a pool of reluctant buyers

Mortgage rates and the median listing price are down while active inventory is up year over year, but more positive movement may be required for hesitant buyers this spring. Continue reading

AI politics reach housing finance as Fannie, Freddie drop Anthropic

The FHFA ordered Fannie Mae and Freddie Mac to sever ties with Anthropic, signaling how politics and regulation may shape AI adoption in housing finance. Continue reading

Is crypto ready for prime time in housing finance? Rate thinks so

Mortgage lender Rate has launched RateFi, a nationwide non-QM mortgage program that allows qualified borrowers to use verified cryptocurrency holdings for mortgage qualification without liquidating their digital assets. Continue reading