Fannie, Freddie moving to adopt more inclusive credit scores
Lenders to get historical FICO Score 10T data within weeks, setting the stage for the eventual retirement of FICO Classic score and competition with VantageScore 4.0
by Matt Carter Dec 3
Homebuyers made time for mortgages around Thanksgiving
Demand for purchase loans hit a new 2025 high last week after adjusting for the holiday, with mortgage rates near a low for the year and a Dec. 10 Fed rate cut on tap
by Matt Carter Dec 3
SCOOP: Fannie and Freddie are cutting back on the information they publish
For the first time in 15 years, Fannie Mae didn't publish the results of its National Housing Survey in November. The survey has showed homebuyer sentiment remains weak this year
by Matt Carter Dec 2
Homebuyers came out in force last week, and rates are trending down
Applications for purchase mortgages hit a seasonally adjusted 2025 high last week, with FHA, VA, and USDA applications for less pricey homes driving the surge, MBA lender survey shows
by Matt Carter Nov 26
Rising unemployment revives prospects for December rate cut
Fannie Mae forecasters are predicting mortgage rates will fall below 6 percent by the end of next year. Economists at the Mortgage Bankers Association don't see rates coming down at all.
by Matt Carter Nov 21
Rebounding mortgage rates dampen homebuyers' appetites
After hitting a 2025 low on Oct. 28, mortgage rates continue to rise as hopes dim for a December Fed rate cut. Futures market investors see only a 34% chance of a Dec. 10 rate cut.
by Matt Carter Nov 19
Don't merge Fannie and Freddie, says their biggest investor
Billionaire investor Bill Ackman floats plan to relist mortgage giants on the New York Stock Exchange this year, but says it's too soon for the government to sell any of its stake
by Matt Carter Nov 18
Homebuying off to strongest November start since 2022
Rebounding mortgage rates didn't stop buyers from shopping for deals last week, with requests for purchase loans up 6% last week compared to the week before and 31% from a year ago
by Matt Carter Nov 12
Demand for mortgages cools as rates rebound from 2025 low
Mortgage rates hit a new 2025 low of 6.12 percent on Oct. 28, but have been on the rise after Fed Chair Jerome Powell said there's no guarantee the Fed will cut rates for a third time in December
by Matt Carter Nov 5
Median monthly housing payments see sharpest drop in almost 1 year
The drop in monthly payments, Redfin reported, followed a decrease in mortgage rates, with 30-year fixed-rate mortgages ultimately hitting a 2025 low of 6.12% on Tuesday
by Lillian Dickerson Oct 30
Mortgage rates spike as Powell warns December rate cut is iffy
After the Federal Reserve approved the second rate cut of the year, mortgage rates moved in the opposite direction as investors who fund most home loans worry about inflation
by Matt Carter Oct 29
Lower mortgage rates spur homebuyers, but mostly refis
Rates on 30-year fixed-rate mortgages hit another 2025 low on Tuesday, dropping to 6.12%, nearly a full percentage point lower than January. Rates now have less room to come down
by Matt Carter Oct 29
'Signs of deceleration' bedevil US home prices
Home price growth continued to slow in August as buyers expressed trepidation over the economy, despite a healthy supply of inventory and lower mortgage rates
by Lillian Dickerson Oct 28
More homes sold. Lower rates. Lower inflation. Where Fannie Mae expects the market to move
Economists with the mortgage giant shared a glimmer of good news for real estate professionals in a pair of new forecasts
by Taylor Anderson Oct 24
Mortgage rates just hit a new 2025 low. They might be stuck there.
MBA forecasts rates will probably stay right where they are now in 2026, as investors have already priced in future Fed rate cuts. But look for 3 years of steady growth in home sales ahead
by Matt Carter Oct 22