Latino homeownership lagged 22 percentage points behind white homeownership in 2021 and experienced significantly higher mortgage denial rates than their white counterparts, according to Fannie Mae’s new Latino Housing Journey. Click through for more on the disparities Latino households face and policy solutions that could increase homeownership opportunities.
Read More »Mortgage Rates Fall for Third Straight Week
Even as mortgage rates fall, continued inventory concerns and affordability issues are keeping many on the sidelines as the summer buying season gets underway.
Read More »Homeownership Rate Continues to Grow, Particularly Among Below-Median Income Families
Amid larger macroeconomic uncertainties, the total homeownership rate can be attributed to the strong growth in the below-median income homeownership rate, which has sharply increased since 2016.
Read More »Home Builder Confidence Shifts Into Positive Territory
For the first time in nearly 11 months, solid demand, a lack of existing inventory, and an improvement in supply chain efficiency have all contributed to an uptick in home builder confidence nationwide.
Read More »Mortgage Rates Fall for Second Consecutive Week
Freddie Mac reports that anticipated Federal Reserve rate hikes forced the 30-year fixed-rate mortgage downward yet again, leading to a slight rise in overall application activity.
Read More »The Week Ahead: Analyzing Efforts to Bolster Housing for Native Americans
The Senate Banking Committee on Housing, Transportation, and Community Development is set to host a hearing assessing the government’s efforts to improve housing efforts among Native American communities nationwide.
Read More »Mortgage Rates Turn Downward
“While elevated rates and other affordability challenges remain, inventory continues to be the biggest obstacle for prospective homebuyers,” said Freddie Mac Chief Economist Sam Khater.
Read More »Lingering Economic Concerns Push Mortgage Rates Upward
Along with a lack of inventory in the nation’s housing supply, Freddie Mac reports the 30-year fixed-rate mortgage continues to edge toward the 7% mark, further dampening the spring homebuying season.
Read More »Ongoing Financial Volatility Pushes Mortgage Rates Upward
Freddie Mac reports a week-over-week rise of 18-basis points in mortgage rates, further contributing to a sluggish and slow spring season for the national housing market.
Read More »Mortgage Rates Elevated, But Historically About Average
“Though mortgage rates are substantially higher than they have been on average over the past decade, from an historic perspective rates are about average,” Freddie Mac said.
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