Mortgage rates are as high as they’ve been on almost any other day this month.  You’d have to go back to August 1st to see anything higher.  On the other hand, rates are still noticeably lower than almost any other day of the past 10 months.  It’s really only the past 2 weeks that have […]

Among the nation’s 50 largest metro areas, half, primarily in the north and east, had annual home price increases in July, while the others are reporting downturns, Zillow found. Nationwide, year-over-year home price appreciation was a meager 0.2%. While this helped to marginally improve affordability, with average monthly mortgage costs down $19 over the past

Fannie Mae and Freddie Mac look like they would hold up better in a severe downturn today than their collective stress tests indicated in 2024. The tests modeled how they’d fare after absorbing losses like a total $36.1 billion provision in net chargeoffs plus foreclosed property expenses. That shows the credit losses they’d be likely