Government

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.

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.

As housing availability scales up and down, new data from 2021 Rental Housing Finance Survey found that nearly 50% of rental units are in properties with four or fewer units. Meanwhile, an estimated 86% of all rental properties contain only one rental unit.

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.

“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.

Some 30% of borrowers do not rate shop when applying for a mortgage. Click through to see what that means.

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.

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.

New report discusses the GSE’s guarantee fees charged in 2021, and provides a four-year perspective with data dating back to 2018.

Many housing companies and landlords across the country can and do require a background check as part of the application process, along with the traditional credit check, but the unverified or inaccurate information contained in them usually hurts renters first.