Riding the hopes that the Federal Reserve will slow its pace of rate hikes, Freddie Mac reported that the 30-year, fixed-rate mortgage fell yet again, as house prices soften with 2022 coming to a close.
Read More »FHA Raises 2023 Loan Limits in Response to Home Prices
The maximum loan limits for FHA forward mortgages will rise in 3,222 U.S. counties next year, while in just 12 counties, loan limits will remain unchanged.
Read More »Baseline 2023 Conforming Loan Limit Rises to $726,200
In most of the U.S., the 2023 CLL value for one-unit properties will be $726,200, an increase of $79,000 from $647,200 in 2022.
Read More »Housing Market Improvement Predicted in 2024
“Home sales are projected to hit a trough in Q2 2023, at a selling pace of 4.27 million annualized units, as the full effect of higher mortgage rates and the projected recession take hold,” according to a new Fannie Mae forecast.
Read More »One-Third of Borrowers Accept First Mortgage Offer
Some 30% of borrowers do not rate shop when applying for a mortgage. Click through to see what that means.
Read More »Bringing Credit Invisibles Into the Light
Michele M. Evans of Fannie Mae discusses the GSE’s new Positive Rent Payment Reporting pilot program and how renters on the path to homeownership can build their credit history and improve their credit score.
Read More »Fixed-Rate Mortgages Take 47-Basis Point Dive
With news that inflation may have peaked, Freddie Mac reports that the fixed-rate mortgage fell below the 7% mark, leading to a slight rise in overall mortgage app volume for the week.
Read More »FHFA Report Outlines 2021 G-Fees
New report discusses the GSE’s guarantee fees charged in 2021, and provides a four-year perspective with data dating back to 2018.
Read More »Freddie Mac Partners With Veteran Non-Profit to Promote VA Loans
“The ability to find affordable housing in the current market is seen as a major challenge facing those transitioning from active duty,” said Stacy Walker, Director, Housing & Community Outreach for Freddie Mac.
Read More »Refi Activity Drops to 22-Year Low
As mortgage rates remain in the 7% range, app volume fell slightly this week, with the refinance share of volume hitting a low last seen in August of 2000.
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