Mortgages

The latest plans include details on promoting housing development in underserved areas and increasing secondary market access to rural institutions.

For the second time in the past three weeks, the 30-year fixed mortgage moved lower, but investors want clarity about U.S. economic policy, Freddie Mac said.

The trade group agreed to the settlement in March, which included paying $418 million to settle claims.

Pending sales indexes increased in all four U.S. regions, led by a 4.7% increase in the Northeast to the highest level since early last year.

Despite the latest pick-up in volume, stubbornly elevated interest rates led both the Mortgage Bankers Association and Fannie Mae to recently adjust 2024 and 2025 forecasts lower.

The company, now known as Onity, is challenging a previous interpretation of the Fair Debt Collection Practices Act in the Eleventh Circuit Court of Appeals.

U.S. lumber prices, which already have risen in recent months due to lower production in Canada, could see further gains after President-elect Donald Trump's proposed tariffs on trade from north of the border.

Expanded data shows home prices rose over 5% annually at the end of the third quarter, prompting the FHFA to boost mortgage loan limits accordingly.

The median monthly payment amount for new purchases moved higher for the first time in six months, according to the Mortgage Bankers Association.

New single-family home sales decreased 17% last month to a 610,000 annualized rate, according to government data issued Tuesday.