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Three Trends That Will Shape the Mortgage Market

03.29.2019

The government-sponsored enterprises' (GSEs') move towards single security, the Federal Housing Administration's (FHA's) credit box changes, and the supply of homes available for sale are three trends that will likely shape the mortgage market in 2019 and beyond, according to the Urban Institute's latest Monthly Chartbook.

Reaping the Benefits of Falling Mortgage Rates

03.21.2019

Homebuyers are likely to see affordability increasing this spring buying season. According to the latest Freddie Mac Primary Mortgage Market Survey, mortgage rates moved lower by 0.4 points compared with last week to 4.28 percent. The 30-year fixed-rate mortgage during the same period a year ago stood at 4.45 percent.

Healthy Season Ahead for New Home Sales

03.14.2019

The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the new residential sales statistics for January 2019 on Thursday. According to the report, the sales of new single‐family houses in January 2019 were at a seasonally adjusted annual rate of 607,000—which is 6.9 percent below the revised December rate of 652,000 and is 4.1 percent below the January 2018 estimate of 633,000.

Freddie Mac Forecasts Changing Trends in Origination

03.05.2019

The decline in mortgage rates, that fell at the start of 2019 after peaking last fall, is likely to provide some welcome relief to the housing market, according to Freddie Mac's latest monthly forecast.

Bills to reform credit bureaus unveiled on eve of hearing

02.27.2019

WASHINGTON — Ahead of a hearing with the chief executives of the three major credit reporting agencies, House Financial Services Committee leadership has released two bills aimed at reforming the bureaus and protecting credit scores for government employees affected by the shutdown.

Where Does Home Affordability Stand?

02.12.2019

According to the National Association of Home Builders’ fourth quarter Housing Trends Report (HTR), 2018 saw little change in how homebuyers perceived their ability to afford homes available in their markets. In Q4 of 2018, three out of every four buyers (76 percent) estimate they can afford fewer than half the homes-for-sale in their markets. 

GSEs Address Shutdown Woes

01.18.2019

Fannie Mae and Freddie Mac have issued an additional set of guidelines for lenders to help them assist borrowers, especially federal workers, whose income has been affected by the government shutdown. In a joint letter to lenders, the government-sponsored enterprises (GSEs) said that with the shutdown extending for a longer than anticipated time, they were "concerned about the impact that continued income interruption may have on borrowers' ability to meet their mortgage payment and other monthly obligations."

Sharp Rebound in Mortgage Applications

01.10.2019

Mortgage applications recorded an increase at 23.5 percent this week, on a seasonally adjusted basis, according to the latest Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey. This week's results include an adjustment for the New Year's Day holiday.

The State of Housing Finance

01.04.2019

The change in direction at the Federal Housing Finance Agency (FHFA) would be one of the most important things to happen in housing finance this year, according to experts at the Housing Finance Policy Center at the Urban Institute. "I’ll be watching to see if whatever changes are made will bring more private capital into the market," said Laurie Goodman, VP, Housing Finance Policy Center at the Urban Institute.

Mortgage Applications Continue Downward Trend

12.19.2018

Mortgage applications saw a decline by 5.8 percent on a seasonally adjusted basis, compared to last week, according to the latest Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey.

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