Mortgage News
The Most Comprehensive Source of Mortgage-Related News
Each article is summarized for your convenience. Click on the title to see the original.
News for: Housing Market
Showing 169 - 192 of 225 results
May 29, 2025 9:01 AM
— Housing Market
AI Hedging, Application, Processing Tools; Builder/Lender M&A; Freddie-Fannie Saga Continues
There is uncertainty surrounding the potential privatization of Freddie Mac and Fannie Mae, with differing opinions and potential plans coming from government officials. Additionally, there are discussions on retirement, tech solutions for lenders, and mergers and acquisitions in the industry.
May 28, 2025 9:00 AM
— Housing Market
MBS Pooling, CRM, Processing Tools; Second, HELOC, ITIN, Jumbo Product News; Builder CEO Survey
The mortgage industry continues to talk about the influence and market share of Freddie Mac and Fannie Mae moving towards non-QM investors. Market conditions are tough, but optimism remains for the new-home market. Various companies are introducing new products and services to streamline the lending process and provide more flexibility to borrowers.
May 28, 2025 3:02 AM
— Housing Market
What it means to be house poor and how to avoid it
The article discusses the concept of being 'house poor,' which refers to spending too much of your income on housing costs, leaving little money for other expenses. It provides warning signs of being house poor and tips for avoiding or recovering from this situation, such as careful planning, conservative budgeting, avoiding unnecessary home expenses, and maintaining a healthy debt-to-income ratio... more
May 28, 2025 3:00 AM
— Housing Market
Portland, Ore., Has Worst Housing Crisis Outlook — Here’s Why
The article discusses the housing crisis outlook in different U.S. metros, highlighting the challenges faced by prospective first-time homebuyers. The Pacific Northwest has some of the worst outlooks, while Southern metros are more favorable. Factors like vacancy rates, housing unit approvals, and home value-to-income ratios were analyzed to determine the outlook in various areas.
May 28, 2025 2:00 AM
— Housing Market
‘We’re in a holding pattern’: Home sales and building slump in the face of uncertainty
The housing market in the US is facing sluggish home sales, plodding construction, high mortgage rates, and economic uncertainty. Home prices are soaring, and construction has slowed down. Builders are struggling with pricing uncertainties due to tariffs on Canadian lumber. Many buyers are unable to afford homes due to rising prices and high mortgage rates, resulting in pent-up demand. Despite thi... more
May 27, 2025 4:00 PM
— Housing Market
Trump: I’m taking Fannie and Freddie ‘public’ with implicit guarantee
President Trump is considering releasing Fannie Mae and Freddie Mac from government conservatorship and taking them public. There are concerns about the complexity and potential costs of this decision. It is also noted that Fannie Mae will prioritize occupancy fraud detection for multifamily properties.
May 26, 2025 6:01 AM
— Housing Market
How President Trump can monetize the GSEs
During the MBA Secondary & Capital Markets event, FHFA Director Bill Pulte mentioned that he believed valuations for Fannie Mae and Freddie Mac were too low and releasing the GSEs from conservatorship is a decision for the President of the United States.
May 26, 2025 3:00 AM
— Housing Market
Home Sale Cancellations Surge to Near Record Highs
In April, one in seven home sales fell through, marking a high rate of cancellations due to high mortgage rates and economic uncertainty. Many homes are sitting idle on the market as buyers struggle to afford purchases or are cautious in the unpredictable economy. Mortgage rates are at 6.73%, more than double the pandemic record low, and are expected to remain high in the coming years. Cancelation... more
May 26, 2025 3:00 AM
— Housing Market
Mortgage rates survive budget bond scare, but end the week higher
Last week saw some fluctuations in mortgage rates and bond yields due to concerns over the national debt, but rates ended lower after President Trump's tweets caused a stock market sell-off. Mortgage rates increased slightly, but mortgage spreads have been improving since 2023. Purchase application data for 2025 has been positive, and pending home sales remain steady despite elevated rates. Housin... more
May 26, 2025 1:00 AM
— Housing Market
Housing may soon flash a recession warning as investment cracks under the weight of high rates
Analysts are warning of a potential recession as housing activity is set to contract in the second quarter after only weak advancement in the first quarter. The rise in longer-term Treasury yields and mortgage rates around 7% are expected to weigh on residential investment and the broader economy. Data shows a decline in permits for single-family home construction, an increase in home supply, and ... more
May 24, 2025 4:00 AM
— Housing Market
No Major Change For Existing Home Sales
Existing home sales were at the highest levels in a year two months ago but have since declined to 5-month lows. The latest data shows a slight decrease to 6-month lows, with some regions seeing a decrease in sales while others remained unchanged or increased. Overall, housing inventory has increased, median prices have gone up, and the time on the market has decreased compared to the previous mon... more
May 24, 2025 3:01 AM
— Housing Market
New Home Sales at 3 Year High, Maybe...
The Census Bureau reported that New Home Sales for April exceeded expectations at 743k, marking one of the best months in the past 3 years. Sales are good or better than pre-pandemic levels. However, last month's numbers were revised lower, prompting caution for future assessments.
May 23, 2025 9:00 AM
— Housing Market
New home sales unexpectedly surge despite high mortgage rates as builders lower prices
Sales of new US single-family homes surged in April, with a 10.9% increase, but February and March data was revised downward. Despite the surge, economists believe housing activity is weakening due to high mortgage rates and a slowing labor market. Prices have been lowered to attract buyers, with the median new house price dropping 2.0% to $407,200 in April. Mortgage rates have been rising, hittin... more
May 23, 2025 3:01 AM
— Housing Market
Home sales cancelled at near-record pace in April
Home sales transactions were cancelled at a near-record rate in April, likely due to uncertainty fueled by President Trump's tariff announcement. Pending sales of previously owned US homes fell last month by the most since 2022, attributed to high asking prices and borrowing costs. However, pending sales rose in March thanks to a dip in mortgage rates. Price cutting by home sellers in March was at... more
May 22, 2025 2:02 PM
— Housing Market
April home sales slow with high mortgage rates, prices, putting chill into spring buying season
Sales of previously owned U.S. homes dropped in April due to elevated mortgage rates and rising prices, marking the slowest pace since 2009. Home prices continued to rise, reaching an all-time high in April. Affordability concerns due to higher mortgage rates have impacted the market, freezing out potential buyers. However, there has been an increase in home inventory, attracting more first-time b... more
May 22, 2025 12:02 PM
— Housing Market
State Farm's added California rate hike request gets pushback
State Farm is seeking a higher homeowners rate increase in California. Pending sales of previously owned US homes increased in March due to a brief dip in mortgage rates and rising supply of houses. Mortgage delinquency rates improved overall but the share of borrowers late by 90 days or more increased due to deteriorating FHA credit quality. The average 30-year fixed rate mortgage rose this week,... more
May 21, 2025 6:01 PM
— Housing Market
Trump considers taking mortgage giants Fannie Mae and Freddie Mac public
President Donald Trump is considering bringing government-sponsored mortgage giants Fannie Mae and Freddie Mac public, a move that would have a significant impact on the housing market. The government currently controls Fannie Mae and Freddie Mac, but privatizing them could potentially lead to higher mortgage rates if not done carefully.
May 21, 2025 12:00 PM
— Housing Market
Study: Top vacation spots where short-term rental prices jump the most in the high season
The article discusses the rise in popularity of short-term rentals in tourist hotspots during peak seasons, leading to significant price increases in vacation rentals. These price spikes are often driven by major events like the Masters golf tournament. The pandemic and economic concerns are prompting more travelers to consider alternative, less expensive vacation destinations. Both Gen Zers and f... more
May 19, 2025 8:00 AM
— Housing Market
POS, LOS, HELOC, Legal Products; IMB Per Loan is Still a Loss; Lower Rates vs. Debt and Inflation
The article discusses various topics related to the mortgage industry, including issues such as the impact of Moody's cutting the credit quality of the United States on lending rates, the potential effects of tariffs on the housing market, and various new products and services offered to lenders and brokers. It also highlights the challenges faced by some companies in the industry and discusses ho... more
May 18, 2025 5:02 AM
— Housing Market
New Grads Expect Six-Figure Salaries. They May Not Be Able To Get Them.
Recent graduates are facing disappointment in their expected salaries as they enter the workforce. While graduates expect to make $101,500 a year, recent graduates reported an average salary of $68,400. Employers project to pay new graduates an average of $68,700, with varying salaries depending on the degree type. The uncertain economy, changing tariff policies, and lack of clarity on student loa... more
May 17, 2025 11:00 AM
— Housing Market
Housing Starts Buoyed By Multi-Family Sector
The Census Bureau's monthly construction numbers for April showed an uptick in construction activity offset by slightly lower permitting. Housing starts were only slightly higher than the previous month, with single unit starts dropping and multifamily starts surging to the highest level since late 2023. Despite some gloomy metrics in the housing and mortgage market, the construction data remains ... more
May 17, 2025 5:03 AM
— Housing Market
Builder Confidence Near Post-Pandemic Lows, But Timing is Everything
The Housing Market Index (HMI) released by the NAHB and Wells Fargo shows that builder confidence has fallen to the lowest levels since 2023, mostly due to high interest rates and difficulty pricing new homes amid changing material costs due to tariffs. However, a recent US/China trade announcement reducing tariffs for 90 days is expected to improve the outlook for lower material costs and a more ... more
May 16, 2025 10:00 AM
— Housing Market
'Doubt and hesitation' are ripping through the housing market: 'People are starting their home search, then backing out'
Elevated home prices and mortgage rates are causing would-be home buyers to pull out of the market. Despite tariff reductions and stock market improvements, mortgage rates continue to rise, making it challenging for potential buyers. Real estate agents report that buyers are hesitant due to fears of an economic downturn. Those who are purchasing homes are seeking more affordable housing options, w... more
May 15, 2025 5:00 AM
— Housing Market
Why Would I Move with a 3% Mortgage Rate?
The article discusses the importance of considering future house price increases when deciding whether to move from a home with a low mortgage rate. It highlights the potential significant cost difference in waiting a few years to move, as home prices are expected to rise gradually over the next five years.
DISCLAIMER: mortgage-rates.ai is an independent information platform created to promote greater transparency in the mortgage market for the benefit of borrowers. mortgage-rates.ai is not a lender, mortgage broker, or financial advisor, and is not registered with the Nationwide Mortgage Licensing System (NMLS). Nothing contained on this website shall be construed as an offer to lend, solicit, or extend credit of any kind.
The mortgage rates displayed on this site are collected daily from publicly available sources provided by more than 400 lenders. Mortgage-Rates.ai does not receive compensation for listing these rates, and all rates are presented as published by the respective lenders. While every effort is made to ensure accuracy, the information may contain errors or omissions. Mortgage rates are highly dependent on an individual’s financial circumstances, credit profile, loan terms, and other factors. As such, the rates you are quoted directly by a lender may differ materially from the rates displayed here.
Users should contact lenders directly to obtain formal, binding loan offers. If you identify any discrepancies in the data or would like to have your institution’s rates included, please contact us at content@mortgage-rates.ai
All logos, trademarks, and brand names appearing on this website are the property of their respective owners.
The mortgage rates displayed on this site are collected daily from publicly available sources provided by more than 400 lenders. Mortgage-Rates.ai does not receive compensation for listing these rates, and all rates are presented as published by the respective lenders. While every effort is made to ensure accuracy, the information may contain errors or omissions. Mortgage rates are highly dependent on an individual’s financial circumstances, credit profile, loan terms, and other factors. As such, the rates you are quoted directly by a lender may differ materially from the rates displayed here.
Users should contact lenders directly to obtain formal, binding loan offers. If you identify any discrepancies in the data or would like to have your institution’s rates included, please contact us at content@mortgage-rates.ai
All logos, trademarks, and brand names appearing on this website are the property of their respective owners.