Mortgage Rates Continue Their Upward Climb
Average long-term U.S. mortgage rates jumped again this week, hitting the highest levels in almost 14 years and pushing even more would-be buyers out of the market.
Mortgage Rates Bounce Up to Highest Level in Weeks
The average rate on a 30-year, fixed-rate mortgage has increased to the highest level since late June, according to Freddie Mac.
Mortgage Rates Under 5 Percent for First Time Since April
The average long-term U.S. mortgage rate fell below 5 percent for the first time in four months, days after the Federal Reserve jacked up its main borrowing rate in an aggressive effort to get inflation under control.
Mortgage Market Opens for Gig Workers
Fannie Mae and Freddie Mac shut many self-employed buyers out during the pandemic. But now, those rules are gone and some lenders, perhaps sensing a grand opportunity to boost market share, are targeting gig workers directly.
Despite Rate Hikes, U.S. Homebuyers Show ‘Resiliency’
Even as mortgage interest rates hit levels not seen since the fall of 2009, early indications show America’s prospective homebuyers appear to be adapting, not quitting the market.
Loan Applications Show Home Demand Has Held Steady
Demand for purchase mortgages appears to be holding steady even as interest rates rapidly rose to nearly 4.5 percent over the last month.
Second-Home Demand Retreats as Mortgage Rates Rise
Demand for second-home mortgages took a nosedive in February, a new report says.
Biden Admin to Release Plan to Stop Bias in Home Appraisals
Vice President Kamala Harris will announce an action plan to stop racial discrimination in the appraisal of home values, according to senior Biden administration officials.
Mortgage Rates Jump Past 4 Percent
The era of low mortgage rates appears to be over.
Fannie, Freddie Forecast Housing Price Slowdown in 2022
Fannie Mae’s and Freddie Mac’s respective economic forecast teams have issued their 2022 predictions, and both foresee a leveling off of last year’s meteoric home price growth across the nation’s housing markets.
Freddie Mac Looks to Improve Credit Scores with Rental Payments
In an effort to help renters build credit, Freddie Mac has launched an initiative that will encourage operators of multi-family properties to report on-time rental payments to credit bureaus.
Homebuyers Have Rare Chance to Save
For the next 60-odd days, some homebuyers have an unusual opportunity to find financing at a tad lower cost.
FHFA Wants Input on Fannie, Freddie Equity Plans
Federal housing regulators want input from industry and community groups on how Fannie Mae and Freddie Mac will measure their own efforts to reduce racial inequality in the mortgage market.
Biden Admin Outlines Plan to Boost Multifamily Financing
White House officials are outlining plans to build and restore more than 2 million homes, a response to the volcanic rise in housing prices over the past year.
FHFA Spikes Adverse Market Fee
The Federal Housing Finance Agency is offering a weekend present to loan originators looking for refinance business this summer by announcing the end to its Adverse Market Fee.
Supreme Court: FHFA Structure Unconstitutional
The Supreme Court on Wednesday ruled that the structure of the agency that oversees mortgage giants Fannie Mae and Freddie Mac violates separation of powers principles in the Constitution.
Two NY Men Charged in Hartford Mortgage Fraud Scheme
Two New York men were charged in federal court yesterday for a mortgage scheme involving two Hartford apartment buildings.
As Resort Towns Flourish, Lending Tightens
As the market for vacation homes continues to forge ahead at an almost unprecedented pace, the two major suppliers of financing funds have put a lid on the number of mortgages for such properties they will buy from primary lenders.
FHFA Extends Foreclosure Halt Through June 30
The federal agency that oversees two of the biggest guarantors of mortgages in the U.S. market announced that it is extending its moratorium on foreclosures.
We’re Getting More Neighborly
More than two-thirds of those surveyed have gotten to know their neighbors better during the pandemic. Almost that many have made an effort to be more friendly than usual.
