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Mortgage rates remain close to 7%, but there are positives for housing
Mortgage rates rose in the past week, but even as they remain close to 7%, there’s little evidence to suggest they’ll move much higher and further constraint housing affordability.
What’s the goal of ending the Fannie and Freddie conservatorship?
The GSEs have been under federal conservatorship since the 2008 financial crisis, so what’s the goal of ending that status?
Rocket has regionalized consumer direct channel
Rocket Companies, known for its call center model, is diversifying its channel strategy amid deals to acquire Redfin and Mr. Cooper.
FHA publishes final rule on the 40-year loan modification
The 40-year loan modification rule, which is supported by the mortgage industry, goes into effect on May 8, according to the FHA.
Demand for home loans climbs despite surging mortgage rates
A surge in demand for government loans and adjustable-rate mortgages (ARMs) played a role in the mortgage application uptick last week.
Housing Market Tracker: Inventory drops by 11,000
After another challenging week, the housing market should see seasonal housing inventory increase in the next couple of weeks.
