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Single family homes on the market. Updated weekly.Powered by Altos Research
735,718-296
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30-Yr. Fixed Conforming. Updated hourly during market hours.
6.94%0.02

HousingWire CEO discusses FHFA refi plan with CNN

The Federal Housing Finance Agency plan to allow more borrowers to refinance into lower-rate mortgages brought plenty of analysis from the industry about the plan’s merits. As part of the plan, the FHFA removed the 125% loan-to-value ceiling for Fannie Mae and Freddie Mac loans to qualify for a refi. The federal regulator also cut back on risk-based fees and representation and warranty risks that make lenders reluctant to accept certain loans. An appraisal also is no longer required as long as an automated valuation model estimate is already provided. HousingWire CEO Paul Jackson shared his views on the plan during an interview with CNN American Morning Tuesday. “There are 11 million mortgages underwater,” Jackson said. “There’s 4 million borrowers who might benefit from this. It’s certainly a positive. I don’t know how you can say it’s not a positive to say, ‘We’re going to actually help people who are doing the right thing: They are underwater on their mortgage, yet they are still making payments’. Certainly giving them the ability access ultra low mortgage rates is a good thing. It’s good for the economy and it’s good for the mortgage market.”

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Lower mortgage rates attracting more homebuyers 

An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

3d rendering of a row of luxury townhouses along a street

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