Financial Services Intelligence
Mortgage & Housing Finance
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Mortgage rates drop to 6.69% as Fed signals potential rate cuts
Average 30-year fixed mortgage rates fell to 6.69%, the lowest since October 2023, amid expectations of Federal Reserve rate cuts.
Read full articleFannie Mae reports $4.7B Q2 profit on strong housing demand
Fannie Mae posted $4.7 billion in net income for Q2 2026, up 18% YoY, driven by increased mortgage originations and home sales.
Read full articleBiden admin expands first-time buyer assistance to $25,000
The administration announced an expansion of down payment assistance programs, increasing aid to $25,000 for qualified first-time buyers.
Read full articleHome prices rise 5.2% YoY in June, slowest pace since 2023
U.S. home prices increased 5.2% year-over-year in June, marking the slowest growth rate since early 2023 as inventory improves.
Read full articleWells Fargo exits correspondent lending amid market shifts
Wells Fargo announced it will cease correspondent mortgage lending operations by year-end, affecting 2,000 third-party lenders.
Read full articleFHA reduces mortgage insurance premiums by 30 basis points
The Federal Housing Administration cut annual mortgage insurance premiums by 0.30%, potentially saving borrowers $800 annually.
Read full articleRocket Mortgage launches AI underwriting for faster approvals
Rocket Mortgage unveiled an AI-powered underwriting system that reduces approval times from days to hours for qualified borrowers.
Read full articleHousing inventory rises 22% YoY, easing buyer competition
Active home listings increased 22% compared to last year, providing more options for buyers and moderating bidding wars.
Read full articleMortgage rates drop to 6.69% as Fed signals potential rate cuts
Average 30-year fixed mortgage rates fell to 6.69%, the lowest since October 2023, amid expectations of Federal Reserve rate cuts.
Read full articleFannie Mae reports $4.7B Q2 profit on strong housing demand
Fannie Mae posted $4.7 billion in net income for Q2 2026, up 18% YoY, driven by increased mortgage originations and home sales.
Read full articleBiden admin expands first-time buyer assistance to $25,000
The administration announced an expansion of down payment assistance programs, increasing aid to $25,000 for qualified first-time buyers.
Read full articleHome prices rise 5.2% YoY in June, slowest pace since 2023
U.S. home prices increased 5.2% year-over-year in June, marking the slowest growth rate since early 2023 as inventory improves.
Read full articleWells Fargo exits correspondent lending amid market shifts
Wells Fargo announced it will cease correspondent mortgage lending operations by year-end, affecting 2,000 third-party lenders.
Read full articleFHA reduces mortgage insurance premiums by 30 basis points
The Federal Housing Administration cut annual mortgage insurance premiums by 0.30%, potentially saving borrowers $800 annually.
Read full articleRocket Mortgage launches AI underwriting for faster approvals
Rocket Mortgage unveiled an AI-powered underwriting system that reduces approval times from days to hours for qualified borrowers.
Read full articleHousing inventory rises 22% YoY, easing buyer competition
Active home listings increased 22% compared to last year, providing more options for buyers and moderating bidding wars.
Read full articleStay ahead of Mortgage & Housing Finance in 3 minutes a day.
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