Housing Review $ITB #HomeBuilders - Forget Politics, Many States, Counties, and Cities Are In Trouble

Housing Review

Short-term price fluctuations do not influence long-term trends, cycles, and profitability. The majority, guided by price trends and emotions, concentrate on short-term trading noise rather than cyclical trends of price, time, and energy. This focus creates confusion, frustration, missed chances, and typically leaves them holding the bag during trend shifts. Investors can sidestep this pattern by embracing the Evolution of the Trade and aligning with the minority.

The US Home Construction's overall trend, revealed by trends of price, leverage, and time, are defined in The Matrix for subscribers.

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Forget Politics, Many States, Counties, and Cities Are In Trouble

Beginning November 15, Fannie Mae will eliminate its 620 minimum credit score requirement for purchase and refinance loans, following Freddie Mac’s example. Its Desktop Underwriter (DU) system will now assess borrower risk using internal data models rather than FICO scores, though credit reports remain required.

At the same time, MGIC will start accepting credit scores as low as 600 for borrowers with less than 20% down, potentially broadening mortgage access.

Freddie Mac reports current average rates of 6.22% for 30-year fixed and 5.5% for 15-year fixed loans, with mortgage applications down 1.9% week over week.

Fannie Mae’s update may make homeownership more accessible for borrowers with limited credit histories, marking a move toward data-driven credit evaluations.

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The Matrix provides market-driven trend, cycles, and intermarket analysis.