As of this writing, the federal government is on the brink of a shutdown with a deadline of 11:59 p.m. ET Friday. MBA remains directly engaged with lawmakers in both chambers of Congress – and affected regulators – and has created a member guide that outlines potential impacts to single-family and multifamily government lending programs.

Homebuyer affordability declined in November, with the national median payment applied for by purchase applicants increasing to $2,133 from $2,127 from October.

ATTOM, Irvine, Calif., released its fourth-quarter 2024 U.S. Home Affordability Report, finding that median-priced single-family homes and condos are less affordable in Q4 compared with historical averages in 98% of counties analyzed.