Today’s News Synopsis:
Democratic senators are pushing back on efforts to reprivatize Fannie Mae and Freddie Mac, citing potential spikes in mortgage rates and major impacts on housing affordability. These government-backed entities currently support around 70% of the U.S. mortgage market.
In The News:
MortgagePoint – “Senators Voice Concern on Reprivatizing Fannie/Freddie” (06-09-25)
“U.S. Sens. Elizabeth Warren, Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, and Minority Leader Senator Chuck Schumer, have led 14 Democratic Senators in a letter to Federal Housing Finance Agency (FHFA) Director William J. Pulte, raising concerns about the Trump administration’s recent discussions about reprivatizing Fannie Mae and Freddie Mac. “
CNBC – “Mortgage demand rises to the highest level in over a month, after holiday adjustment” (06-11-2025)
“The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, $806,500 or less, increased to 6.93% from 6.92%”
TheRealDeal – “Atlanta tops nation in housing supply growth as “lock-in effect” eases“ (06-10-25)
“Listings climbed from pandemic lows to 4.6 months inventory”
YahooFinance – “Pandemic-era homebuyers are now selling into a completely different market“ (06-07-25)
“As home price appreciation slows, breaking even on a home sale is getting harder across the US.”
Redfin – “Can an HOA Legally Put a Lien on Your House?”(06-10-25)
“Nearly 33.6% of U.S. homeowners now live in neighborhoods governed by a homeowners association (HOA), according to 2024 data from the Foundation for Community Association Research. As more housing developments break ground, that number is only expected to rise. “
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