

November 13, 2025
C.A.R. backs expansion of assumable mortgages to boost housing affordability and inventory
LOS ANGELES (Nov. 13) – The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today issued the following statement in response to the Federal Housing Finance Agency's proposal to allow homebuyers to assume Fannie Mae and Freddie Mac backed fixed-rate mortgages:
"The CALIFORNIA ASSOCIATION OF REALTORS® supports allowing Fannie Mae and Freddie Mac to permit the assumption of fixed-rate mortgages by qualified buyers. As mortgage rates have risen sharply in recent years, assumable loans could play a key role in unlocking housing opportunities for buyers. By allowing buyers to take over a seller's existing low-rate mortgage, these loans can ease financial pressure and make homeownership more attainable."
Currently, F...