Mortgage Rates & Housing News
Daily mortgage rates, housing market analysis, and expert homebuying advice from industry professionals.
Latest articles
FHA Lending to Non-Permanent Residents Falls After Eligibility Change
ICE origination data reported by HousingWire on Oct. 8 show non-permanent residents' share of FHA purchase loans fell from about 5.8% to about 0.1% after HUD's May 25, 2025 eligib…
Fannie and Freddie Put New Distressed-Loan Pools on the Market
On Oct. 8, Fannie Mae marketed about 1,217 deeply delinquent loans plus a 27-loan Dallas-Fort Worth Community Impact Pool, and Freddie Mac reported a $428 million NPL sale with an…
HUD Says Operation Clean House Led to Nearly 500 Arrests
HUD said Oct. 8 that Operation Clean House, a multi-agency effort targeting fugitives living in HUD-assisted housing, produced 491 arrests across 12 cities and others. Arrests are…
Redfin Models a Five-Year Path Back to Normal Housing Costs
A Redfin analysis published Oct. 8 says U.S. housing costs could return to August 2018 levels within about five years if rates fall to 6%, with timelines that vary widely by rate,…
Mortgage Credit Availability Edges Lower in September
MBA's Mortgage Credit Availability Index, released Oct. 8, fell 0.2% to 107.1 in September as lenders tightened conventional documentation and trimmed cash-out and investor offeri…
Mortgage Rates Reach 7.40%, Highest Since November 2023
Freddie Mac's Oct. 8 survey put the 30-year fixed rate at 7.40%, up from 7.28%. It is the seventh straight weekly increase and the highest reading since November 2023.
Freddie Mac Sells $428 Million in Nonperforming Loans, Awarding Four Pools to Two Buyers
Freddie Mac’s latest sale of deeply delinquent mortgages highlights how the government-sponsored enterprise manages distressed assets, transfers mortgage credit exposure and uses…
Fed: Revolving Credit Fell in August as Card Rates Stayed Near 21%
The Federal Reserve's G.19 report, released Oct. 7, shows consumer credit grew at a 1.9% annual rate in August. Revolving credit fell at a 4.2% rate while car and student loans gr…
HUD Lays Out Seven-Step Plan to Update the HUD Code for Chassis-Free Manufactured Homes
HUD's Next Generation Manufactured Housing Action Plan, released Oct. 7, outlines energy standards, chassis-free construction and installation updates, and a multifamily performan…
Fannie Mae's October Guide Update Loosens Verbal VOE Methods and Expands Attorney Opinion Letters
Fannie Mae's Selling Guide announcement SEL-2026-09, dated Oct. 7, removes prescribed verbal verification methods, changes income continuance timing and digitizes seller wire inst…
UWM Drops Its Minimum Credit Score Overlay on Agency Loans
UWM said Oct. 7 that conventional, FHA, VA and USDA eligibility will be set by automated underwriting rather than a company score floor. Scores still drive pricing, and Jumbo, Ban…