Fannie Mae

Impact of Fed rate cut on mortgage rates not yet tangible

With single-family starts and permits rising in August, Fed rate cuts ease construction costs for builders, though competition from resale inventory also stands to increase

Redfin reported sales of existing homes fell 3.1% year over year in August; Fannie Mae's September 2024 commentary anticipates the annual pace to be the slowest since 1995

Starting today, brokers working with Rocket Pro TPO can loan up to $802,650, up from 2024's $766,550.

Regional variations in homebuyer sentiment likely a function of new supply variations in those regions, Fannie Mae reports.

Fannie Mae forecasting 4.7% growth in prices for 2024, down from 6% in 2023