Housing affordability saw another setback in May, as payments for newly originated purchase loans increased for a third straight month, according to the Mortgage Bankers Association. Processing Content The median monthly payment amount came in at $2,198, rising 2.1% from $2,158 in April. The amount was at its most elevated since last May, when the […]
Purchase demand at risk as monthly payments hit new highs Read More »
Mortgage rates are entering this summer stuck in the mid-6% range as experts are conceding to the new rate environment. Processing Content The 30-year fixed-rate mortgage averaged 6.49% Thursday, up two basis points from the prior week, according to Freddie Mac. The 30-year FRM has remained tethered to 6.5% for the past month, as macroeconomic
No mortgage rate cooldown for buyers this summer Read More »
Fannie Mae and Freddie Mac are taking on more interest-rate risk in their rapidly growing investment portfolios, driving a key gauge of their exposure to levels that rattled Wall Street two decades ago. Processing Content Disclosures from the housing-finance giants show their duration gaps — a measure of how closely assets, liabilities and hedges offset one another
Fannie, Freddie boost risk to levels that once shook Wall Street Read More »