#Controversial #RWNJ home builder #Pulte to serve as #TulsiGabbard replacement as #NationalIntelligence #DNI as well as keep cookie jar cabinet position in #Senate confirmed oversight role since last yr as #FHFA head and his self appointed role as chair of both #mortgage giants #FannieMae and #FreddieMac ....

https://abc7.com/post/president-trump-taps-housing-regulator-bill-pulte-acting-director-national-intelligence-dni-replacing-tulsi-gabbard/19220450/

Times of India | US mortgage rates hit highest level in nearly nine months, borrowing costs rise for homebuyers

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US mortgage rates rose this week to their highest level in nearly nine months, with the average 30‑year fixed rate climbing to 6.51% from 6.36% and the 15‑year rate increasing to 5.85% from 5.71%, although both remain below the levels seen a year ago. The uptick follows heightened volatility in energy markets after the Iran‑Hormuz conflict, which pushed crude prices higher and fed expectations of inflation, while also reflecting broader influences such as Federal Reserve policy, government debt concerns and a jump in the 10‑year Treasury yield to 4.6%. Higher long‑term borrowing costs are expected to raise monthly mortgage payments and curb home‑buyer affordability, contributing to a slowdown in housing activity; mortgage applications fell 2.3% to a five‑week low and more borrowers are turning to adjustable‑rate mortgages, now accounting for about 10% of applications. Despite the tighter credit environment, some markets are seeing modest relief from increased inventory and lower listing prices, particularly in parts of the South and Midwest, offering limited opportunities for buyers willing to act in the spring season.

Read more: https://timesofindia.indiatimes.com/business/international-business/us-mortgage-rates-hit-highest-level-in-nearly-nine-months-borrowing-costs-rise-for-homebuyers/articleshow/131249806.cms

#FreddieMac #FederalReserve #USTreasury