Mortgage & Housing Market UpdateFHFA Relaxes StandardsThe Federal Housing Finance Agency (FHFA) is extending lighter appraisal and employment verification rules for Fannie Mae and Freddie Mac. Because the pandemic made it harder for appraisers to enter houses, FHFA...
Supply and DemandHousing market inventory already sits at a record low. Now challenges from severe weather further shrink the supply. New listings are down more than 200,000 in the first two months of the year, compared to the average in previous years. The result:...
Surging SalesJanuary saw single-family home purchases rise 4.3% above December's numbers. Experts view this impressive growth within the housing market as a sign of an improving economy on the near horizon. Home sales remain robust despite rates on 30-year fixed...
Mortgage Market UpdateMortgage Rates ClimbRates climbed to 2.81%, their highest point since November. Historic low mortgage rates contributed to a frenzy of home-buying and refinancing, but the coming months could see a steady rise back above 3%. Some observers worry...
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