Sustained surge in mortgage rates could dent home sales

In addition to worries about the potential impact of Fed tapering, there’s also uncertainty about the approaching U.S. debt ceiling and the future leadership of the Fed. Continue reading

Housing industry ‘will not be spared’ by climate change: MBA

Extreme weather could strain flood insurance to breaking point, undermine home prices, and drive mortgage defaults, according to the Mortgage Bankers Association. Continue reading

Mortgage rates continue to flatline ahead of Fed tapering details

Mortgage rates stayed the course this week as lenders continued to monitor the Federal Reserve’s tapering plans. Continue reading

Landmark study confirms troubling ‘appraisal gap’ in minority enclaves

Mortgage giant Freddie Mac’s analysis of 12 million appraisals comes as federal task force prepares action report to address appraisal bias. Continue reading

‘Holding pattern’: Virus extends stable period for mortgage rates

Rates for 30-year mortgages have remained virtually unchanged for two months even as lenders reported recent movement on other loan types. Continue reading

Regulators loosen reins on Fannie and Freddie

It’s been an abrupt about-face for Fannie and Freddie, which under the Trump administration were on a path to privatization. Democrats have put the brakes on those plans, seeing an opportunity to use Fannie and Freddie to provide better access to home … Continue reading

Rates for 15-year mortgages continue slow rise from prior lows

Mortgage rates have remained largely unchanged in recent weeks, aside from a gradual rise in rates for 15-year loans. Continue reading

Fannie and Freddie must submit equitable housing finance plans

Having put the brakes on the Trump administration’s plans to reprivatize Fannie and Freddie, Democrats have been pushing for the “government sponsored enterprises” to provide more home loans for underserved borrowers. Continue reading

Mortgage rates cap off their most stable month of 2021 so far

Rates for 30-year mortgages barely budged over the last month, even as lenders sifted through new statements from Federal Reserve officials. Continue reading

Individuals to get better shot at buying foreclosed homes

The Biden administration wants to give owner occupants a better shot at purchasing homes repossessed by HUD, Fannie Mae and Freddie Mac. Continue reading