The Federal Housing Finance Agency (FHFA) issued a proposed rule to repeal its Fair Lending, Fair Housing and Equitable Housing Finance Plan requirements — regulations it finalized barely a year ago — and is inviting the public to comment on this proposal until Sept. 26. It is one of the agency’s swiftest reversals of a […]
FHFA’s fair lending reversal risks housing market stability Read More »
Fannie Mae made downward revisions to mortgage rate forecasts in its latest monthly economic update with projections for higher volumes than previously anticipated next year. The government-sponsored enterprise revised the average 30-year fixed-rate mortgage projection for fourth-quarter 2025 to 6.4% from 6.5%, and the one for the same loan type a year further out to
Where Fannie Mae anticipates rates will head next Read More »
Andrew Harrer/Bloomberg Key insight: Federal Reserve Chair Jerome Powell said the recent uptick in the unemployment rate and slowing job gains were factors that led the central bank’s rate-setting committee to cut short-term interest rates by 25 basis points. Expert quote: “Our policy is not on a preset course. We will continue to determine the
Fed’s Powell mum on future interest rate cuts Read More »