VA Pauses Foreclosures for 6 Months The Department of Veterans Affairs has called a moratorium on foreclosures for veterans and servicemembers with VA-guaranteed loans until May 31, 2024. So reports NPR.

Estimated reading time: 0 minutes, 27 seconds

Fannie Mae: Rates Only One Reason Homeowners Staying Put

The “lock-in effect” from lower mortgage rates on homes bought before the recent rate surge isn’t the only reason for a decline in existing homes for sale, according to Fannie Mae. So reports MReport.

house for sale 2845213 1920In a survey by Fannie Mae, just 6% of all mortgage borrowers said they were planning to stay in their homes longer because of a low mortgage rate.

The survey results suggest rates aren’t all that might have to change to increase the inventory of existing homes, according to Fannie Mae.

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