May 11, 2024
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Mortgage

$3 trillion could be injected into the U.S. economy without any federal spending by tweaking this corner of the mortgage market, ‘Oracle of Wall Street’ says

  • May 5, 2024

The U.S. housing market is harboring the potential for unprecedented economic stimulus that wouldn’t require any federal spending, according to Meredith Whitney, the one-time “Oracle of Wall Street” who predicted the Great Financial Crisis. While she has recently warned of the dangers that the “crisis of the American male” poses to the economy and the

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Mortgage

Rates end week elevated but calm after Fed rate pause

  • May 3, 2024

New data from Freddie Mac reports a fifth straight rise in weekly average 30-year and 15-year fixed mortgage rates, while daily rates appear to have calmed after this week’s news of a Fed rate pause as of Friday, May 3, 2024. The current average rate for a 30-year fixed mortgage is 7.36% for both purchase

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Mortgage

As home sellers, buyers wait on a Fed cut, here’s how mortgage rates have impacted the spring housing market

  • April 29, 2024

People looking to buy or sell a home this spring are paying close attention to mortgage rates. The average 30-year, fixed-rate mortgage rose to 7.17% for the week ended April 25, according to Freddie Mac data via the Federal Reserve. The rate was 7.10% the prior week. Buyers and sellers may not see any relief

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Finance

Freddie Mac Delivers 2024 Equitable Housing Finance Plan

  • April 29, 2024

Freddie Mac Update to three-year Plan continues progress on equitable and sustainable housing MCLEAN, Va., April 29, 2024 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today published its Equitable Housing Finance Plan and Performance Report for 2023 along with revisions to its 2024 objectives and actions within its three-year Equitable Housing Finance Plan. The Plan

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Mortgage

Higher Mortgage Rates Could Weigh on Home Prices. This State Looks Most Vulnerable

  • April 21, 2024

Mortgage rates topped 7% this past week for the first time in 2024, according to Freddie Mac . The increase comes at a pivotal time for the U.S. housing market, which saw existing-home sales hit a near-30-year low in 2023 as costs rose. Higher rates could reduce buyer demand, slow price growth, further crimp sales,

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Mortgage

Mortgage Rates Exceed 7 Percent for the First Time this

  • April 18, 2024

MCLEAN, Va., April 18, 2024 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 7.10 percent. “The 30-year fixed-rate mortgage surpassed 7 percent for the first time this year, jumping from 6.88 percent to 7.10 percent this week,” said

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Mortgage

Mortgage rates crest 7% following hotter than expected inflation numbers

  • April 11, 2024

Homebuyers are feeling whiplashed by surging mortgage rates, and their outlook just turned grimmer. The average rate on the 30-year mortgage increased to 7.37% on Thursday, a steep climb from 7.11% at the beginning of the week, according to Mortgage News Daily. The quarter-point increase comes as rattled investors respond to a hotter than expected

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Loans

Freddie Mac Sells $104 Million in Non-Performing Loans

  • April 9, 2024

MCLEAN, Va., April 09, 2024 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today announced it sold via auction 679 deeply delinquent non-performing residential first lien loans (NPLs) from its mortgage-related investments portfolio. The loans, with a balance of approximately $104 million, are currently serviced by Specialized Loan Servicing LLC and NewRez LLC, d/b/a Shellpoint Mortgage

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Loans

Freddie Mac and ICE Collaborate to Help Lenders Improve Loan Quality

  • March 19, 2024

Freddie Mac LAS VEGAS, March 19, 2024 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) and Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today announced they’re working together to bring greater loan quality to the mortgage origination process so lenders can effectively serve more borrowers while reducing risk. The collaboration will leverage both

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