U.S. mortgage rates have reached a 6-month high, dampening hopes for an affordability boost in the housing market. The increase in rates has been driven by geopolitical instability following the start of the Iran war in late February. However, bond buying by Freddie Mac and Fannie Mae is acting as a buffer, preventing mortgage rates from climbing even higher. Additionally, rate hike odds have surpassed 50% for the first time this cycle.
Market expectations for a Federal Reserve rate hike have surpassed 50% for the first time this cycle, fueled by persistent inflation that pushed mortgage rates to a six-month high. Amidst this hawkish shift, markets are experiencing a rally, leading analysts to question if investors are ignoring significant…
Read the full storyShares of Fannie Mae (FNMA) and Freddie Mac (FMCC) recorded their largest daily gains in a decade, surging 40% following comments from billionaire Bill Ackman. Despite the massive rally, there is still no official decision regarding the privatization of the companies or the termination of the federal conservatorship…
The US Senate is currently debating the ROAD to Housing Act, which features over 40 provisions designed to lower costs and accelerate residential construction. However, President Trump's proposal to ban institutional investors from purchasing single-family homes has emerged as the primary obstacle to the bill's…
U.S. mortgage rates have climbed for the fourth consecutive week, solidifying their position at a six-month high. This sustained upward trend has significantly dampened hopes for improved housing affordability during the crucial spring home-buying season. Notably, rates had briefly fallen below 6% for the first time…