FHFA sets 2026-2028 housing goals for GSEs
Summary
The FHFA has set new housing goals for Fannie Mae and Freddie Mac for 2026-2028, with changes to the benchmarks for low-income borrowers and refinance goals. While not directly about STRs, these changes could indirectly impact the housing market, potentially affecting property values and financing options that hosts may consider.
Key Insights
- •The single-family housing goals for borrowers earning less than 80% of the area median income (AMI) are set at 21%, a decrease from the previous 25%. For borrowers earning less than 50% AMI, the goal is 3.5%, down from 6% previously.
- •The low-income refinance goal went from 26% to 21%.
Action Items
- ✓Monitor local housing market trends and understand how changes in mortgage lending may affect property values or future financing options.Effort: lowImpact: low
Common Mistakes
- ⚠Failing to understand the shifting landscape of housing finance can lead to miscalculations when assessing property value and investment risk.
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