In accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act, Freddie Mac has released its 2023 Stress Test Disclosure, which reflects two hypothetical economic scenarios, including a “severely adverse” scenario. Under the latter, […]
Mortgage rates have climbed closer to 7% again this week, as July’s sustained high rates week after week have made it 2023’s roughest month for home buyers. The average 30-year fixed-rate mortgage rose to 6.81% for the […]
(Reuters) – Ratings agency Fitch on Wednesday downgraded U.S. mortgage finance giants Fannie Mae and Freddie Mac Long-Term Issuer Default Ratings (IDR) and senior unsecured debt ratings to ‘AA+’ from ‘AAA’ after the U.S. rating […]
Freddie Mac generated $2.94 billion in net income in the second quarter, up 41% from the first quarter and 20% year-over-year. Like its larger government sponsored enterprise cousin Fannie Mae, Freddie Mac’s second quarter was […]
NEW YORK (Reuters) – U.S. 30-year mortgage rates rose to an average of 6.81% this week, the highest level of 2023, according to Freddie Mac’s mortgage market survey. Mortgage rates have risen sharply in tandem […]
Freddie Mac announced on Wednesday a new affordable housing program, “HeritageOne,” that is intended to boost homeownership rates in Native American communities. The program aims to provide affordable financing options for single-family properties on tribal […]
Freddie Mac on Tuesday announced enhancements to its automated income assessment tool—already used for direct deposits—to also include the borrower’s digital paystub data. The government sponsored enterprise said lenders can calculate income faster and more […]
The average for a 30-year, fixed loan was 6.39%, up from 6.35% last week, Freddie Mac said in a statement Thursday. While buyer demand remains strong in certain US cities, high borrowing costs and a […]
“Homebuyers are getting used to current rates and continue to pursue homeownership,” said Freddie Mac’s Sam Khater. The post Freddie Mac: Another Mortgage Rate Uptick appeared first on Weekly Real Estate News.
Fees on mortgages backed by Freddie Mac and Fannie Mae are set to change next month, in a plan designed to make homeownership more affordable for more people. Broadly, the fees will go down for […]
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