#mortgage-market

#mortgage-market

Mortgage rates are just about 10 basis points lower than they were a year ago, but the median home price nationally hit a new record high in June.

Rathi emphasized the need for regulatory flexibility, suggesting that the mortgage charter, while initially necessary, may now hinder economic growth and business competitiveness.

The Financial Conduct Authority (FCA) has released a discussion paper outlining the potential benefits and risks of rule changes, aiming to support wider access to sustainable home ownership.

Hasty and poorly planned changes to the Enterprises could dramatically increase costs for families seeking to purchase a home, rewarding President Trump's billionaire campaign contributors while making the housing crisis even worse.

Non-QM loans empower lenders to accommodate unique financial situations while expanding access to a broader pool of potential clients, many of whom might otherwise have to reconsider homeownership.