“Mortgage rates dipped below 7.0% in June but that did little to spur purchase activity,” said Joel Kan, a vice president and deputy chief economist at the MBA.
The Supreme Court's ruling striking down Chevron deference could prompt legal challenges to the CFPB's rules and alter the CFPB's rulemaking going forward.
As soon as July, FHFA plans to issue a proposed rule that would establish standards for the GSEs related to returns on capital for new single-family mortgage acquisitions.