Trending News: October 18, 2023

The White House announces new housing initiatives to boost homeownership, mortgage rate lock volume plummets 20% last month as rates soared, and Freddie Mac rolls out a new down payment assistance tool.

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White House announces new housing initiatives to boost homeownership: New initiatives include changes to ADUs and the 203k rehab program. Read more

Mortgage rate lock volume plummeted 20% in September as rates soared: Purchase rate lock volume fell 20%, cash-outs were down 17% and rate/term refis declined 18% MoM in September. Read more

Freddie Mac rolls out down payment assistance tool: DPA One matches borrowers with available programs. Read more

Music by: Gloria Tells from Epidemic Sound

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