FHFA says GSE foreclosure prevention actions fell in May
Refi volume fell 29.9% as the average 30-year fixed rate rose to 6.44%, FHFA data revealed
Refi volume fell 29.9% as the average 30-year fixed rate rose to 6.44%, FHFA data revealed
BELLINGS Intelligence Score: 32
Why it matters
The FHFA report on declining GSE foreclosure prevention actions and falling refinance volume amid rising mortgage rates is a notable indicator of housing market stress and credit conditions, relevant to credit professionals monitoring mortgage credit risk and refinancing activity.