Mortgage Rates Jump Past 4 Percent
The era of low mortgage rates appears to be over.
The era of low mortgage rates appears to be over.
An ambitious effort by one of the biggest players in the mortgage market, Freddie Mac, to open up renters’ access to credit is relying on landlords to help. But few landlords and property managers know the effort exists.
After two years where the U.S. mortgage market saw about $4 trillion in loan volumes each year, rising interest rates could mean the home lending industry could be in for a muted 2022. It all depends on prospective homebuyers’ reactions this spring.
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.
A new forecast of the nation’s multifamily markets’ performance says Boston will see one of the biggest declines in vacancy rates among the nation’s major metro areas in 2022.
In an effort to help renters build credit vital to buying a home, Freddie Mac has launched an initiative that will encourage operators of multifamily properties to report on-time rental payments to credit bureaus.
For the next 60-odd days, some homebuyers have an unusual opportunity to find financing at a tad lower cost.
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.
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.
The Federal Housing Finance Agency is offering a weekend present to loan originators looking for refinance business and homeowners looking to refinance this summer by announcing the end to its Adverse Market Fee.
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.
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.
The federal agency that oversees two of the biggest guarantors of mortgages in the U.S. market announced that it is extending moratorium on foreclosures.
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.
The Supreme Court is hearing a case Wednesday that could make it easier for the president to fire the head of the agency that oversees government-controlled mortgage giants Fannie Mae and Freddie Mac.
There’s good news for mortgage applicants who don’t fit into the precise mold demanded by Fannie Mae and Freddie Mac: After pulling back at the start of the pandemic in March, other lenders are returning to the market.
The share of mortgages in forbearance continued to decline in the last week of September, according to the latest report from the Mortgage Bankers Association.
Fannie Mae and Freddie Mac say they will extend their eviction and foreclosure moratoriums through Dec. 31 as the economic damage from the coronavirus crisis looks increasingly likely to last around the country.
It is now the cheapest it’s been since the 1970s to take out a mortgage in the United States, according to Freddie Mac.
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance decreased by 1 basis point from 8.48 percent of servicers’ portfolio volume in the prior week to 8.47 percent as of June 21, 2020. According to MBA’s estimate, 4.2 million homeowners are in forbearance plans.