“Job gains in September, following the data blackout, are reassuring and suggest the economy is not slipping into a recession,” said Lawrence Yun, chief economist at the National Association of Realtors. “This may boost confidence in future homebuying.”

The ruling didn’t address the fraud allegations involving NY AG Letitia James.

The proposal also aims to limit activity under special purpose credit programs.

Both Fannie Mae and Freddie Mac will be subject to $88.0 million caps on their multifamily funding volume in 2026.

Home prices increased by 2.2% on an annual basis as of the end of September, according to FHFA.

Mortgage Guaranty Insurance Corp. remained the top producer among the private MIs.

“The president’s got a lot on his plate,” Bill Ackman, CEO and portfolio manager of Pershing Square Holdings, said of President Trump. “We’re approaching Thanksgiving, but it’s actually theoretically possible.”

Eight expanded-credit MBS hit the market this week, with a total unpaid principal balance of $3.38 billion.

A decline in interest rates on mortgages helped to prop up home sales during the partial shutdown of the federal government.

MBA projects that the average interest rate for a 30-year fixed-rate mortgage will increase from 6.3% in the fourth quarter of 2024 to 6.4% in the first quarter of 2026, and then remain at 6.4% through the year.