FHFA issues annual report on activities supporting low-income housing

The 15-year fixed-rate mortgage also declined, to 6.68% from 6.71% last week, compared with 5.44% one year ago.

Bank servicers lead mortgage-focused servicers in overall consumer satisfaction with websites and mobile apps, with customers seeking easy access to account management and an organized layout, according to a new survey by JD Power.

Pending home sales in September decreased by 7.3% month-over-month and 11.3% year-over-year, according to the National Association of Realtors.

ABA economists believe results are consistent with a sluggish housing market challenged by affordability concerns, labor shortages, and increasing input costs and suggests residential building activity could remain subdued in the face of elevated mortgage rates.

FHFA is considering requiring only one or two credit reports for single-family loans that Fannie Mae and Freddie Mac acquire, FHFA Director Bill Pulte said in a post on X.

The rate for a 30-year fixed-rate mortgage was 7.4% this week. The rate for a 15-year fixed-rate mortgage was 6.71%.