Asian American homeownership is primed to rise: Freddie Mac

Homeownership rates among minority groups have always lagged behind that of whites, but one group — Asian Americans, Native Hawaiians and Pacific Islanders (AANHPI) — is closing that gap. Freddie Mac’s June 2024 outlook on the economic, housing and mortgage markets revealed that over the past 20 years, the homeownership

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ICBA voices opposition to Freddie Mac second mortgage product

The Independent Community Bankers of America (ICBA) issued a statement on Monday that opposes the conditional approval of Freddie Mac’s plan to buy closed-end second mortgages. The plan was approved on Friday by Freddie Mac’s regulator, the Federal Housing Finance Agency (FHFA), which said that it reached the decision to

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U.S. Treasury launches initiatives to boost housing supply

The Biden administration, through the U.S. Department of the Treasury, announced the launch of multiple initiatives on Monday to increase funding sources for housing production. The announcement comes as high mortgage rates and a lack of supply have created affordability challenges. In a speech in Minneapolis, Treasury Secretary Janet Yellen

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Is mortgage demand really picking up?

Are we seeing the start of a market shift in mortgage demand? Notably, mortgage rates have been gradually declining, and we’ve observed back-to-back positive weeks in purchase application data for the first time since mid-March. While I typically prefer to see a sustained growth of 12-14 weeks before concluding there’s

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Real estate mailers: The ultimate guide for 2024

Real estate mailers aren’t dead — far from it. With so many agents focused on digital marketing, mailers can help you stand out from the crowd to attract new leads, increase brand awareness, generate more referrals, and ultimately close more deals. To get you started on the path to dominating

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