How Fannie Mae is leveraging technology to expand access to homeownership

Fannie Mae is taking important steps to help the mortgage industry close the racial housing gap, achieve equality within the housing industry and offer sustainable and affordable housing.

What is the next step for NAR?

In this Q&A, Senior Real Estate Reporter Matthew Blake gives us the inside scoop on what happened at NAR’s annual conference, including the latest on the DOJ investigation.

Mortgage Tech Virtual Demo Day

Tune in to our live Virtual Demo Day on December 1st at 10am CT to experience demos from the most innovative tech companies in the Servicing, Audit and Post-Close space.

What’s next for the maligned real estate appraiser?

In this episode of Houses in Motion, a series that is part of the HousingWire Daily podcast lineup, St. Petersburg, Florida-based appraiser Francois “Frank” Gregoire discusses issues in the appraisal industry.


Freddie Mac: 30-year mortgage rate about to start rising?

Still at yearly lows...for now

While mortgage rates remain at the lowest level this year, that could start to change, as the timing looms closer for when the Federal Reserve will raise interest rates again, Freddie Mac’s most recent Primary Mortgage Market Survey said.

“Although there was minimal change in rates this week, the hawkish tone of Wednesday’s Fed minutes release had an immediate impact on Treasury yields, and could possibly shake up next week’s survey results,” said Sean Becketti, chief economist with Freddie Mac.

An article in The Wall Street Journal by Kate Davidson and Jon Hilsenrath reported on Wednesday that the Federal Open Market Committee meeting minutes sent skeptical investors a sharp warning Wednesday that an interest-rate increase is still in play for June’s policy meeting if the economy keeps improving.

From the article:

Until a few days ago, traders in futures markets saw almost no possibility the Fed would move short-term interest rates up at midyear. However, a batch of strong economic data, recent comments by Fed officials and a new release by the central bank on the deliberations at its last policy meeting have changed that perception.

Just as many predicted, the Federal Open Market Committee elected to hold steady and not increase federal funds rate in its most recent meeting.

Click to enlarge


(Source: Freddie Mac)

Here’s just how low mortgage rates are:

The 30-year fixed-rate mortgage averaged 3.58% for the week ending May 19, 2016, up from last week’s 3.57%, and significantly down from 3.84% this time last year. 

Similarly, the 15-year FRM this week averaged 2.81%, frozen from last week. In 2015, the 15-year FRM averaged 3.05%. 

The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.80% this week, slightly up from last week when it averaged 2.78%. A year ago, the 5-year ARM averaged 2.88%.

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