Sales of new single‐family homes in May rose to 696,000, a 10.7% month-over-month rise of April’s recorded total of 629,000.
Read More »Fannie Mae Predicts Lower Home Sales, Originations in 2022-2023
“Tightening financial conditions are slowing economic activity, and consumers are drawing down savings and increasingly relying on credit cards as they seek to maintain current levels of consumption,” said Fannie Mae Chief Economist Doug Duncan.
Read More »Mortgage Rates on the Rise, But Relief on the Horizon
Freddie Mac reports that a decline in purchase activity, combined with increased inventory, will slow home price growth nationwide and give way to much-needed relief for prospective buyers.
Read More »Report: Origination Activity to Total $2.7 Trillion in 2022
Due to a litany of factors, Fannie Mae cut their predictions for origination activity, total sales, and GDP for 2022 and 2023.
Read More »Home Purchase Sentiment Falls to Lowest Level Since 2020
The latest iteration of Fannie Mae’s Home Purchase Sentiment Index (HPSI) for April decreased by 4.7 points to 68.5, its lowest level since May 2020, as rising mortgage rates and ...
Read More »Housing Starts Edge Upward Month-Over-Month
Despite lingering supply chain concerns, there were 811,000 single-family units under construction in March, marking the highest level since 2006.
Read More »New Home Sales Slip in February
Sales of new single‐family houses were at a seasonally adjusted annual rate of 772,000 in February, falling 2% below January’s rate of 788,000.
Read More »Fannie Mae Predicts Eight Rate Changes Before 2024
A slowing economy, decades-high inflation, expired fiscal stimulus, tightening monetary policy, and now Russia's invasion of Ukraine are all weighing on the health of the U.S. economy.
Read More »Inflation, Interest Rates, and Military Conflict Weigh on Lenders
Continuing a quarterly survey of mortgage executives that initially started in 2014, Fannie Mae has published its latest Mortgage Lender Sentiment Survey for the first quarter of 2022 ...
Read More »Mortgage Rates Ease Back After Quick Rise
After taking a giant leap toward the 4% mark, mortgage rates scaled back this week, as most economists feel home price growth will remain firm before cooling off later this year.
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