As you can see in the chart of the 10 year note, the long term rates have jumped pretty hard starting just before Christmas. Today the Federal Reserve's meeting notes shows their aggressive approach to normalizing interest rates. The Fed already announced they will be doubling tapering amounts ... » Learn More about Double Hit on Mortgage Rates From Fed and FHFA
FHFA
Supreme Court Decision Will Affect Freddie Mac and Fannie Mae Mortgages Underwriting and Fees
The US Supreme Court decided that the leadership structure of the Federal Housing Finance Agency (FHFA) violates the Constitution and the separation of powers. That gave President Biden authority to remove the agency’s head at will. Just hours after the court’s decision, the White House fired ... » Learn More about Supreme Court Decision Will Affect Freddie Mac and Fannie Mae Mortgages Underwriting and Fees
FHFA, S&P / Case-Shiller Home Price Measures
Last week NAR released existing home sales and median home price information that showed gains of 9.1 percent in prices in February 2014 compared to February 2013, significantly slower than trends in early summer/fall 2013 when price growth topped a double-digit pace. Today, both the FHFA and ... » Learn More about FHFA, S&P / Case-Shiller Home Price Measures