FHFA Sets 2021 Performance Goals for Fannie, Freddie

Pending home sales in December dropped 9.3% from the prior month and 3% year over year, according to the National Association of Realtors. There were 1.18 million homes on the market.

President Trump signed an executive order directing federal agencies to cease activities that facilitate the sale of single-family homes to large institutional investors and to take possible legal action against those firms.

The rate for a 30-year fixed-rate mortgage was 6.06% this week. The rate for a 15-year fixed-rate mortgage was 5.38%.

Federal Home Loan Bank advances are “strongly associated” with higher lending across banks and credit unions, particularly following the 2008 financial crisis, according to new research by the Urban Institute.

The Department of Housing and Urban Development is proposing to rescind three rules allowing the use of disparate impact in determining Fair Housing Act violations.

The rate for a 30-year fixed-rate mortgage was 6.16% this week. The rate for a 15-year fixed-rate mortgage was 5.46%.