The Federal Housing Finance Agency issued a news release highlighting that mortgage applications have risen to a three-year high and that spreads between mortgage rates and US Treasuries have continued to narrow, which it linked to improving mortgage rates. The release attributed the developments to the Trump administration’s economic agenda and stated that Director William Pulte will continue working with partners across the administration to support affordable homeownership. It also restated FHFA’s role as the regulator of Fannie Mae, Freddie Mac, and the 11 Federal Home Loan Banks, which together provide more than USD 8.5 trillion in funding for US mortgage markets and financial institutions.
Federal Housing Finance Agency 2025-12-10
Federal Housing Finance Agency reports three-year high in mortgage applications and continued narrowing in mortgage-Treasury spreads
The Federal Housing Finance Agency reported a rise in mortgage applications to a three-year high and narrowing spreads between mortgage rates and US Treasuries, attributed to improving mortgage rates. The agency credited the Trump administration’s economic agenda and affirmed Director William Pulte's commitment to supporting affordable homeownership. The FHFA reiterated its regulatory role over Fannie Mae, Freddie Mac, and the 11 Federal Home Loan Banks, collectively providing over USD 8.5 trillion in funding for US mortgage markets.