Economists predict big slowdown in home price appreciation
As for-sale listings continue to surge, many would-be homebuyers are still having trouble finding properties that they can afford. Prices are already coming down in some markets
by Matt Carter Jul 23
Eyeing next refi boom, lenders plan to maintain or grow payrolls
Lending industry leaders surveyed by Fannie Mae see the lack of housing supply as the biggest risk factor in 2024, but most expect refinancing to pick up next year if rates continue to fall
by Matt Carter Jul 22
Real Talk: We can no longer ignore RPAC's ethics problems
Opinion
Trump's newly appointed VP candidate introduced a bill in June that highlights the need to review RPAC's ethics policies for candidates receiving funds, Rachael Hite writes
by Rachael Hite Jul 22
Big drop in mortgage rates fuels refis, but homebuyers unmoved
One issue for would-be homebuyers seeking jumbo mortgages is that rates haven't come down as dramatically as they have for conforming mortgages eligible for purchase by Fannie and Freddie
by Matt Carter Jul 17
Judge gavel with justice lawyers to represent appraisal bias lawsuit
Appraisal management company Solidifi and lending giant Rocket Mortgage are also charged with violating the Fair Housing Act in 2021 refinancing request. Rocket says it expects to prevail
by Matt Carter Jul 16
Mortgage 'knowledge gaps' may be thwarting would-be homebuyers
3 in 4 Americans are planning to buy the next time they move, but many are overestimating minimum down payment, credit score underwriting requirements, according to a new Fannie Mae study
by Matt Carter Jul 16
'Historic' agreement aims to break racial barriers in appraisal industry
The Appraisal Foundation will establish $1.22M scholarship fund to help aspiring appraisers get training and fulfill experience requirements said to have contributed to lack of diversity
by Matt Carter Jul 12
FHA, VA requests drive pickup in purchase mortgage demand
Rates surged and then pulled back last week in what could foreshadow more election-year volatility in the months ahead. Powell tells Congress Fed will remain above the fray
by Matt Carter Jul 10
Homebuyer sentiment rebounds in June from May's record low
Fannie Mae’s monthly National Housing Survey shows many Americans may be underestimating the odds that mortgage rates will continue to pull back from 2024 peaks
by Matt Carter Jul 8
Fraud allegations against rental owners reach new high
Regulators and prosecutors are cracking down on landlords who've falsified income and expense data on crucial loan documents, according to a new feature published by 'The Wall Street Journal'
by Marian McPherson Jul 8
Prospects for lower mortgage rates grow as inflation continues to ease
The Federal Reserve's preferred inflation gauge fell to 2.56% in May, getting closer to the Fed's 2% target for the 2nd month in a row. Core inflation reading is lowest since March 2021
by Matt Carter Jun 28
BofA analysts cast doubts on prospects for 2025 sales rebound
'The US housing market is stuck, and we are not convinced it will become unstuck anytime soon,' economists at Bank of America Global Research said of ongoing housing affordability issues
by Matt Carter Jun 27
Lower rates boost homebuyer demand for 3rd week in a row
Mortgage rates have been on the decline since late April, as closely watched data releases suggest the economy is cooling and that the Fed may start cutting rates as soon as September
by Matt Carter Jun 26
Freddie Mac will dip a $2.5B toe into the second mortgage market
Modest pilot program approved by federal regulators was opposed by banks who have traditionally provided most home equity loans, but nonbank lenders have already made inroads
by Matt Carter Jun 25
More listings, lower rates should boost 2025 sales: Fannie Mae
Fannie Mae on Friday slashed its 2024 forecast as a result of weak spring home sales, but listings are returning to the market and mortgage rates look poised to drop, according to new projections
by Matt Carter Jun 24