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👁🗨 Sesemi STR Hot Sheet | 📲 STR Mortgages
Dear Sesemi STReet,
The 2026 STR Season is off to a hot start as mortgage rates just plummeted BELOW 6%!?
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🚨 Mortgage rates dropped sharply Friday after President Donald Trump said he instructed Fannie Mae and Freddie Mac to purchase $200 billion in mortgage-backed securities, a move aimed at lowering borrowing costs.
The 30-year fixed rate fell 22 basis points to 5.99%, matching its lowest level since February 2023, according to Mortgage News Daily. Markets reacted immediately, signaling that the scale of the MBS purchases matters.
Fannie and Freddie, which buy and securitize mortgages to support liquidity and stabilize rates, do not originate loans. Historically, large-scale MBS purchases have pushed rates lower — most notably during the pandemic, when Federal Reserve buying helped drive mortgage rates to record lows near 2.75%.
Analysts estimate the new purchases could reduce rates by 10–25 basis points, with some projecting a 25–50 basis point decline. UBS estimates rates could move toward 6.0%, providing modest relief for affordability and home turnover.
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