Matthew Speakman on what’s driving homebuyer demand

Zillow Economist Speakman explains what Zillow’s recent report on homebuyer demand tell us about the current state of the housing market.

Record low mortgage rates hold steady at 2.72%

This is the second week in a row rates have sat at the lowest recorded level in the survey’s near 50-year history.

What Yellen as Treasury Secretary would mean for housing

Experts weigh in on former Fed Chair’s possible impact on GSE reform and how she could jumpstart the economy.

Building the one-touch digital mortgage

As Katherine Campbell drives toward a one-touch mortgage, she’s taking time to share what she has learned along the way.

Politics & Money

What happens to the refi fee if Biden wins?

A Biden win would mean "all bets are off," Beacon's Myrow says

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After an industry outcry, the Federal Housing Finance Agency on Tuesday said it would delay until Dec. 1 the implementation of the 0.5% adverse-market fee on refinanced mortgages purchased by Fannie Mae and Freddie Mac.

That’s almost a month after the Nov. 3 presidential election. If former Vice President Joe Biden usurps President Donald Trump, all bets are off, said Stephen Myrow, managing partner of Beacon Policy Advisors in Washington, D.C. Even if the FHFA goes ahead with the fee, it could be reversed by a Biden administration who likely would stop plans to recapitalize and release the two companies, he said.

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