MBA Advocacy Update: Republicans Win White House, Senate Majority; Ginnie Mae Guidance on RBC Relief; Fed Cuts Rates
This week’s top legislative and policy news from the Mortgage Bankers Association.
Redfin: Renter Households Outpace Homeowner Households
The number of renter households grew 2.7% in the third quarter year-over-year, to a record 45.6 million, Redfin, Seattle reported.
Chart of the Week: 10-Year Treasury and 30-Year Fixed Mortgage Rates
Both Treasury yields and mortgage rates declined from April to September 2024 in anticipation of the Federal Reserve’s first rate cut, influenced by the cooling job market and inflation moving towards the Fed’s 2 percent goal.
