Eric C. Peck

1 week ago | themortgagepoint.com | Eric C. Peck

According to the National Association of Realtors (NAR), pending home sales decreased 6.3% in April 2025, with all four U.S. regions experienced month-over-month losses in transactions. Year-over-year, contract signings rose in the Midwest, but fell in the Northeast, South, and West–with the West suffering the greatest loss. NAR’s Pending Home Sales Index (PHSI) is based on pending sales of existing homes.

1 week ago | themortgagepoint.com | Eric C. Peck

With the rumor mill heating up as President Donald Trump inches closer to the privatization of Fannie Mae and Freddie Mac, Michael Bright, former COO of Ginnie Mae and current Structured Finance Association CEO, appeared on a recent episode of CNBC’s “Fast Money” to discuss the issue.

1 week ago | themortgagepoint.com | Eric C. Peck

On Thursday, Federal Reserve Chairman Jerome Powell met with President Donald Trump at the White House to discuss the state of the nation’s economy, employment, and inflation. In early May, the Federal Open Market Committee (FOMC) announced it was holding the federal funds rate at 4.25%-4.50%. “Although swings in net exports have affected the data, recent indicators suggest that economic activity has continued to expand at a solid pace,” said the FOMC in a statement.

1 week ago | themortgagepoint.com | Eric C. Peck

The busiest week of the year for rental seekers is upon us, as data from Zillow Rentals reveals that the first week of June will bring a spike in activity on the platform, as listing views, rental applications, and outreach to property managers have all peaked at this time over the past two years. “Summer is always a busy time for rentals, but it’s also when the most new listings hit the market,” said Emily McDonald, Zillow Rental Trends Expert.

1 week ago | themortgagepoint.com | Eric C. Peck

President Donald J. Trump’s recent announcements about privatizing the government-sponsored entities (GSEs)—Fannie Mae and Freddie Mac—could have far-reaching implications for homebuyers, investors, and the broader economy. On May 27, President Trump took to social media platform Truth Social, stating: “Our great Mortgage Agencies, Fannie Mae and Freddie Mac, provide a vital service to our Nation by helping hardworking Americans reach the American Dream—Home Ownership.