Freddie Mac

On a combined basis, the GSEs performed better under this year's scenario than they did in 2021, but the Federal Housing Finance Agency said changes were still needed.

After falling earlier in the month on expectations of less aggressive monetary policy, inflation concerns early in the week drove averages higher.

The 30-year average has declined by 55 basis points in two weeks.

The decline was driven by a $307M provision to cover potential credit losses, primarily from its single-family business.

Investors had largely factored in an anticipated increase in the federal funds rate, but latest GDP numbers could result in more volatility.

Dennis Hermonstyne, a legal and regulatory expert, previously held roles with E-Trade and the Federal Reserve System.

The current 30-year rate is now nearly double its average from a year ago.

Following their largest drop in over a decade one week ago, averages rapidly swung upward as recession talk receded.

The 30-year average has made a steep reversal over the past two weeks following a large acceleration in mid-June.

Congressional authorization for credit-preference programs in the Equal Credit Opportunity Act could mitigate disagreements that might arise from the equitable housing finance plans, write two partners at K&L Gates.