The Fed just dashed hopes for lower mortgage rates. What homebuyers need to know. [Yahoo! Finance]
Federal National Mortgage Association (FNMA)
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Source: Yahoo! Finance
The Federal Reserve put a hold on interest rate cuts last week and tweaked plans for its balance sheet, actions that may not raise mortgage rates significantly, but will likely keep them elevated, analysts say. “It does seem like mortgage rates are going to stay where they are for the foreseeable future,” said Eric Orenstein , senior director of nonbank financial institutions at research firm Fitch Ratings. The current rate for a 30-year fixed mortg age is 7.55 %. While that's down from a recent peak of 8% in October 2023, it's far above the 3% range that preceded the Fed's rate-hiking campaign from 2022 to 2023, which lifted the cost of borrowing for consumers and businesses to curb high inflation. For people who sat out 2023 hoping for a better market this year, purchasing a home this spring will be more like deja vu instead, with expensive homes and high mortgage rates similar to last year. How have expectations for mortgage rates changed this year? Most analysts see mor
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News
- Atlanta Housing President and Chief Executive Officer Terri M. Lee Announces First Major Leadership Change [Yahoo! Finance]Yahoo! Finance
- UWM cuts out title insurer with updated TRAC+ program, rolls out 0% down purchase initiative [Yahoo! Finance]Yahoo! Finance
- Housing boom in most of the US could ease shortage, but cost is still a problem [Yahoo! Finance]Yahoo! Finance
- CrossCountry Mortgage Offers Exclusive and Complimentary Line of Duty Death Benefit to First Responders and Their Families [Yahoo! Finance]Yahoo! Finance
- Fannie Mae Announces the Results of its Thirty-first Reperforming Loan Sale TransactionPR Newswire
FNMA
Analyst Actions
- 2/26/24 - Keefe, Bruyette & Woods
FNMA
Sec Filings
- 5/14/24 - Form 3
- 5/14/24 - Form 8-K
- 5/13/24 - Form ABS-15G/A
- FNMA's page on the SEC website