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The Fed announced on Wednesday it would taper its purchases of bonds and mortgage-backed securities, which is expected to push mortgage rates higher.
Freddie Mac announced a new program to help renters build credit by reporting on-time rental payments to the three major credit bureaus.
With borrowing costs expected to rise next year, many are looking to secure a home now, says NAR Chief Economist Lawrence Yun.
Fannie Mae and Freddie Mac announce they will continue to offer forbearance to qualified multifamily owners.
The Fed announced it would soon begin tapering its bond purchases. That will likely send mortgage rates higher.
However, NAR predicts rates will rise to 3.5% by mid-2022 as the Fed likely will start reducing its bond purchases soon.
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