Sunday, 26 June 2022 | The Latest Buzz for the Appraisal Industry

Castro Expresses Optimism, Addresses Challenges Facing Housing in ‘Fireside Chat’

By Tory Barringer

Castro based his optimism on what he called a “confluence of factors” he believes will encourage more potential homebuyers to take the plunge this year, including a leveling off in home prices, lower entry barriers to mortgage credit, and falling costs—helped by an imminent reduction in Federal Housing Administration (FHA) annual mortgage insurance premiums and the Federal Housing Finance Agency’s (FHFA) directive for Fannie and Freddie to accept mortgages with lower down payments.

The post Castro Expresses Optimism, Addresses Challenges Facing Housing in ‘Fireside Chat’ appeared first on DSNews.

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