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Fannie Mae's 2025 forecast turns bearish | National Mortgage News
Nov 21, 2024 · That is a significant revision in comparison to October's call for rates to be at 6% in the final three months of the year. The 30-year fixed rate average will moderate over the next four quarters, but only drop to 6.3% by year-end 2025, and to 6.1% by the final quarter of 2026.
Home buying activity surges with falling rates
Nov 27, 2024 · Mortgage application activity picked up for the third week in a row, driven in part by a pullback in interest rates, according to the industry's largest trade group. The Mortgage Bankers Association's Market Composite Index, a measure of weekly application activity based on surveys of its members ...
Top 20 banks by retail mortgage volume in Q3
Dec 9, 2024 · The top five lenders in our ranking had an average retail mortgage origination volume of nearly $7 billion at the end of the third quarter. Most lenders saw an increase in business between the second and third quarters, and PNC Bank achieved a …
What the mortgage industry is watching on election night
Nov 4, 2024 · The GOP ticket has called for more executive influence with the Federal Reserve regarding interest rates. Analysts explained it would be difficult for Trump to force his way into such decisions, and pointed out the president already holds some sway via Board of Governors appointments.Executive influence on interest rates could also have spillover effects on the broader economy, experts said.
Latest repo volatility raises new concerns about QT's future
Oct 7, 2024 · "While QT could end relatively soon as the Fed will likely reassess overall liquidity in the market, it is possible that volatility persists. This appears to be driven by the meaningful level of Treasury issuance as the Federal budget deficit hit $1.7 trillion in 2023 and is expected to hit $1.9 trillion in 2024 (based on the Federal budget forecast)," George said.
Inventory woes snag housing, lending growth
Oct 7, 2024 · Last week, Realtor.com found early-summer buyer interest stalled in September, while Fannie Mae observed similar trends. "A growing share are now pointing to high home prices rather than high mortgage rates as the primary sticking point for affordability," said Mark Palim, Fannie Mae senior vice president and chief economist.
Mortgage rates rise on economic strength, election concerns
Oct 24, 2024 · In late September, rates flirted with the 6% mark, falling as low as 6.08%. In spite of the recent upturn, the 30-year average is currently still more than a full percentage below 7.79% recorded a year ago.
The servicing risks that keep federal officials up at night
Oct 15, 2024 · For Ginnie Mae, a government guarantor for securitizations of affordable-housing loans that other agencies like the Federal Housing Administration back, one key concern is a small-scale turn in the economy affecting government mortgage borrowers, acting President Sam Valverde said at the Mortgage Market Resilience and Access to Credit Summit Tuesday.
How Project 2025 would change U.S. mortgage policy - National …
Jun 27, 2024 · The think tank's plan, dubbed Project 2025, overhauls and shrinks many federal agencies, while simultaneously eliminating swaths of career support staff, reprising some ideas previously floated during Trump's first term. The foundation estimates Trump's actions have been in line with its agenda about two-thirds of the time.