The cost of borrowing money to buy a home rose slightly this week, but remains historically low. Mortgage buyer Freddie Mac says the average rate on 30-year fixed-rate mortgages rose … Click to Continue »
Freddie Mac’s Prime Mortgage Market Survey (PMMS) was released this morning showing that mortgage rates dropped last week. Freddie Mac’s PMMS rates are based on the average of conforming rates from the previous week with loan to value of 80% or less. The rates quoted do include some discount points and do not include closing […]
Towards the end of each year I collect some housing forecasts for the following year.The table below shows several forecasts for 2018:From Fannie Mae: Housing Forecast: December 2017 From Freddie Mac: November 2017 Economic & Housing...Show More Summary
Freddie Mac reported that the Single-Family serious delinquency rate in November was at 0.95%, up sharply from 0.86% in October. Freddie's rate is down from 1.03% in November 2016.Freddie's serious delinquency rate peaked in February 2010 at 4.20%. Show More Summary
Total mortgage portfolio increased at an annualized rate of 6 percent in October according to Freddie Mac’s latest Mortgage Volume Summary Data for 2017. Other highlights of the report include the following: For October, the volume of single-family refinance loan purchase and guarantee was $13 billion. Show More Summary
In its November report, mortgage security firm Freddie Mac called 2017 the “best year in a decade” for the housing market by a variety of measures. This assessment is very encouraging for homebuyers and builders, the U.S. economy, commodities, resources and raw materials as we head into 2018.
Long-term U.S. mortgage rates rose this week but remain lower than they were a year ago. Mortgage giant Freddie Mac says the rate on 30-year fixed-rate mortgages rose to 3.94 … Click to Continue »
``The Wall Street Journal reports that the Republican tax plan could trigger a roughly $14 billion accounting loss at Fannie Mae and Freddie Mac, leading to the first taxpayer-funded infusion since they became profitable firms in 2012. Show More Summary
Apple is seventh in profit per employee, Facebook is fourth, and Walmart is 99th. Fannie Mae, Gilead, and Freddie Mac earn the most profit for each employee of any company. Banks and pharmaceutical companies are all over the list, but...Show More Summary
The Federal Home Loan Mortgage Corporation, otherwise known as Freddie Mac, announced on Monday a three-pronged plan to buoy affordable housing amidst historically low inventory nationwide. The government-sponsored entity’s three-year “Duty to Serve” plan, spearheaded in May and approved by...
The Senate is reportedly working on a draft of a house financing reform bill that could have huge implications for Fannie Mae and Freddie Mac. Since 2012, all of Fannie and Freddie's profits have been turned over to the government under the terms of their bailouts during the financial crisis. Show More Summary
For the second year, the Federal Housing Finance Agency, who oversees Fannie Mae and Freddie Mac, has increased loan limits on conforming mortgages in 2018. The increase in 2018 conforming loan limits matched rising home prices felt across the U.S. Show More Summary
The limits for Fannie Mae and Freddie Mac loans will rise for a second straight year in 2018, meaning lower rates for bigger mortgages.
The fight continues over Fannie Mae and Freddie Mac, the mortgage giants in conservatorship with their regulator, FHFA, as the buffer for F&F goes to zero in 2018. The post For Fannie-Freddie Regulator (FHFA), Battle Heats Up With White House (Buffer Drops To Zero In 2018!) was originally published at The Wall Street Examiner. Follow the money!
Freddie Mac reported that the Single-Family serious delinquency rate in October was at 0.86%, unchanged from 0.86% in September. Freddie's rate is down from 1.03% in October 2016.Freddie's serious delinquency rate peaked in February 2010 at 4.20%. Show More Summary
Freddie Mac today announced its re-entry into the Low-Income Housing Tax Credit (LIHTC) market as part of the newly launched Duty To Serve program, an initiative geared toward addressing persistent affordable housing problems by preventing...Show More Summary
Every Thursday morning, Freddie Mac publishes the Prime Mortgage Market Survey, a weekly report based on conventional rates from the previous week. It’s an average and it’s also “old news” as a borrower cannot lock in last week’s rates… they can only lock in what’s available “now”. Last week’s survey shows that rates are remaining […]
An explainer on the corporate tax rate cut that could cause a drop in new affordable housing The affordable housing shortage in the United States was put in stark terms in October when Freddie Mac reported that homes available to very...Show More Summary
Mortgage buyer Freddie Mac said Thursday that the average rate on 30-year, fixed-rate mortgages remained 3.94%. One year ago, the benchmark rate was 3.54%.
The costs of borrowing to buy a home increased slightly this week, but U.S. mortgage rates are still near relative lows. Mortgage buyer Freddie Mac said Thursday that the average … Click to Continue »