Tag Archives: fixed-rate mortgage (FRM)

In order to assist struggling borrowers amid an erratic mortgage rate environment, the FHA has proposed a plan to assist borrowers through temporary reductions to monthly mortgage payments for up to five years.

The GSE reported a Q4 loss in revenue, with a $12.9 billion annual net income and $1.4 billion fourth quarter 2022 net income, with net worth reaching $60.3 billion.

Chief Economist Mark Fleming of First American states that “given the large loss of affordability buyers experienced this year, a possible improvement next year will be a welcome relief for potential buyers.”

FOMC raises the borrowing rate half a percentage point, capping a series of four consecutive three-quarter-point hikes.

A new study examines the nation’s regions that were most vulnerable to market declines in the third quarter of 2022, based on home affordability and foreclosures.

With news that inflation may have peaked, Freddie Mac reports that the fixed-rate mortgage fell below the 7% mark, leading to a slight rise in overall mortgage app volume for the week.

“The steepest increase in mortgage rates in decades is a headwind for homebuyers, but Ginnie Mae’s guaranty and insuring agency partners are here with products and programs to help consumers achieve their dream of homeownership,” said Ginnie Mae President Alanna McCargo.

In a letter to Federal Reserve Chair Jerome Powell, Rep. Maxine Waters addressed the Fed’s recent rate hikes, the impact on the nation’s housing crisis, and the effects of ongoing inflation.

In a letter to FTC Chair Lina Khan, Sen. Sherrod Brown urges the Commission to examine whether proprietary rental pricing algorithms may be hurting competition, in violation of antitrust laws.

HUD and the Census Bureau reported that single-family home sales fell month-over-month in September, with the nation’s supply of homes for sale rising by 1.1 months to 9.2, above the standard for a balanced market that favors buyers and sellers evenly.