Trending News: February 7, 2024

Powell addresses rate cuts with no Fed pivot in sight, while Fannie Mae economists release housing market outlook making predictions with their own rate cut timeline. In other news, Freddie Mac proposes $2,500 credit through Home Possible…what opportunity could this provide for homebuyers?

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Show Notes

Freddie Mac to offer $2,500 credit through Home Possible, HFA Advantage mortgage products: The initiative from the government-sponsored enterprise is aimed to help very low-income borrowers with down payment and closing costs. Read more

Fannie Mae economists offer housing market outlook, potential timeline for interest rate cuts: GSE officials believe rate cuts will likely start in May, while a recession still isn’t out of the question. Read more

No Fed pivot in sight as Powell addresses rate cuts on 60 Minutes: The Fed is looking for “more confidence”. Read more

Music by: Gloria Tells from Epidemic Sound

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