Government

A drop of just three basis points in the 30-year fixed rate mortgage provided little relief to prospective buyers, as ambiguity around monetary policy will likely continue to stall improvements in the housing market through the end of the year.

The FHA has removed a valuation roadblock to increase the availability and affordability of manufactured housing as part of the Biden Administration’s Housing Supply Action Plan. Here’s how that could impact the industry.

The Federal Reserve’s Open Market Committee chose to forgo the opportunity to raise the central bank’s nominal interest rate at the conclusion of their October/November meeting, a repeat of the action the committee last took in September.

The FHA has released comprehensive guidance for the Home Equity Conversion Mortgage program to enhance delivery for seniors choosing to age in place in their own homes.

In a response to the lack of housing available to the nation’s homebuyers, the Biden Administration has issued guidance on new solutions to expand housing inventory affordability. Click through to find out what the government plans to do to support this initiative.

The Federal Financial Institutions Examination Council’s Appraisal Subcommittee will host a panel of federal officials discussing residential appraisal review, and how to better understand the challenges and potential solutions related to appraisal bias.

As we head into Halloween, mortgage rates continue to edge closer to the 8% mark, resulting in the longest consecutive rate rise reported since the Spring of 2022. Click through to see what else buyers may fear as we enter the final months of 2023.

New action by the Department will broaden housing and neighborhood choices for more than 800,000 total households by giving families more choices and supporting more inclusive communities. Here’s why HUD Sec. Marcia Fudge said this action “helps realize a dream that has been deferred for too long.”

As record-high mortgage rates continue to hinder potential homebuyers nationwide, new home purchase activity weakened in September, according to the MBA's Builder Application Survey.

FHFA Director Sandra L. Thompson noted, "Today's announcement exemplifies our commitment to developing a more efficient and equitable valuation system that supports liquid and sustainable housing finance."