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Fannie Mae Continues to Forecast 2023 Recession

According to new research from Fannie Mae’s Economic and Strategic Research Group (ESR), the housing market is expected to further cool as mortgage rates continue to rise and continues to predict an official recession conditions in 2023.  According to the ...

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Bidding-War Rate Reaches Lowest Level Since 2020

According to Redfin's latest market analysis, some 44.6% of home offers written by Redfin agents nationwide faced competition on a seasonally adjusted basis in August, the lowest bidding-war rate since the beginning of the pandemic when the housing market nearly ...

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CFPB Seeks to Expand Homebuyer Options

The Consumer Financial Protection Bureau (CFPB) is asking for public input on ways to spur new mortgage products that help households. The CFPB seeks insights on ways to improve mortgage refinances for homeowners who would benefit from refinancing, especially for ...

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Studio Apartment Prices Lead Rent Charge

As prices on everything increase across the board, more and more are turning to renting—either by circumstance or by choice.  Renting has traditionally been the cheaper option for those looking for housing, but as housing prices started their charge upwards ...

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Ginnie Mae Loans in Forbearance Rise in August

While overall mortgage servicers’ portfolio volume of loans in forbearance continues to dwindle, Ginnie Mae loans in forbearance increased in August, with approximately 360,000 U.S. homeowners currently in forbearance plans.

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Federal Reserve Continues Rate Hikes

For the third time in a row, the Federal Reserve’s Federal Open Market Committee (FOMC) raised the nominal interest rate by 75-basis points at the conclusion of their scheduled two-day meeting to a rate of 3.00-3.25%. This marks the highest ...

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