Reported 1 day ago
The Trump administration's ambitions to end the government control of Fannie Mae and Freddie Mac are set to shake up the housing market, which relies on these entities for around 70% of U.S. mortgages. As rising mortgage rates currently pose challenges for homebuyers—average 30-year fixed rates have climbed to 6.84% and median home prices increased to $422,100—there's a looming risk that privatization could lead to even higher costs and decreased market accessibility, with concerns over investor confidence impacting mortgage availability and affordability.
Source: YAHOO