Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

1st monthly decline YOY in almost 11 years!

The good news: (1) Thanks to the 30 yr PREPAYABLE AT ANY TIME AND NONCALLABLE FRM refinanced or financed at 50 year LOWS, Americans are reluctant to move (2) American Housing Inventory still at 2 to 3 months supply (3) 30 yr FRMS have dropped approximately 10% since SVB

The bad news: Jerome isn't finished and Fannie Mae is calling for a drop in 2023 Housing Prices.

The Ugly: The current administration will continue sacrificing the capital rebuild for short term political gain.