NAR Economist Lawrence Yun is projecting 14% growth in home sales in 2026 if the interest rate on mortgages falls to 6%. However, economists at Fannie Mae and MBA in recent weeks lowered their expectations for mortgage rates decreases.
Lenders of nonconforming loans say there’s still a lot up in the air with FHFA's push to consider a borrower's crypto holdings in the mortgage application process.
Issuance of non-agency mortgage-backed securities reached $29.56 billion in the second quarter, up 17.3% from the previous quarter. (Includes data tables.)
The GSEs look to follow in the footsteps of a handful of non-agency lenders by considering cryptocurrency holdings when underwriting mortgage borrowers. The impact on the mortgage market remains unclear.