Freddie Mac reports the fixed-rate mortgage has fallen to its lowest level since mid-September, as buyers begin to return to the market ahead of the spring homebuying season.
Read More »Consumer ‘Retrenchment’ is Major Factor in Upcoming Recession
"In our view, the balance still suggests a modest recession, particularly if the Federal Reserve maintains its focus on labor market tightness,” said Doug Duncan, SVP and Chief Economist for Fannie Mae.
Read More »The Science of Appraisals
Fannie Mae’s Jake Williamson and Appraisal Institute President Craig Steinley share their perspective with MReport about how the industry is working to improve the appraisal process in 2023.
Read More »Home Appreciation Comes in Under Expectations
Fannie Mae’s latest Home Price Index has found that the tension between the reduced supply of homes available for sale and lower mortgage demand will impact home prices in 2023.
Read More »Consumer Housing Sentiment Reports Show Slight Improvement
Fannie Mae’s latest Home Purchase Sentiment Index reverses course, picking up from the previous month’s lows.
Read More »Year Begins With Mortgage Rates on the Upswing
Freddie Mac reports that 2023 has begun with a second consecutive week of mortgage rate hikes, with app activity sinking to a quarter-century low as high rates continue to weaken the housing market.
Read More »2022 Ends With Mortgage Rates on the Rise
Mortgage rates trended upward to close out the year, as Freddie Mac’s Chief Economist forecasts the housing will remain weak throughout the winter.
Read More »Homebuyer Optimism on the Rise as Rates Continue to Decline
Freddie Mac reports the fixed-rate mortgage sliding for the sixth straight week, with the downward trend in rates resulting in a rise in refis, offsetting a week-over-week decrease in purchase activity.
Read More »FHFA Imposes More Fannie/Freddie Oversight
Fannie Mae and Freddie Mac will now need Federal Housing Finance Agency approval—and possibly public comment—before offering new products, in order to ensure safety and soundness standards.
Read More »Recessionary Conditions Predicted by Fannie Mae in Q1
Fannie Mae’s Economic & Strategic Research Group now forecasts recessionary conditions taking a hold of the market during Q1 2023, even after forecasting better fourth-quarter numbers due to strong GDP and personal consumption figures.
Read More »