More problems for homebuyers as government shutdown hits 30 days
Fannie and Freddie will want government employees to show they have reserves, and some homeowners are now outside the 30-day grace period for National Flood Insurance Program renewals.
Category: Freddie Mac
New Home Purchase Apps Rebound in August
In August 2022, the Mortgage Bankers Association (MBA) reported that mortgage applications for new home purchases decreased 10.1% compared to August 2021. Data recorded in the MBA’s Builder Application Survey… Read more »
Rates Surge In Largest One-Week Increase On Record
Mortgage rates exploded this week, rising from an average of 5.23% to 5.78%, Freddie Mac reported Thursday. It is the largest one-week increase in the history of the GSE’s survey,… Read more »
Mortgage Rates Surge Ahead of Fed Rate Increase
As the nation sat and waited for the Fed to raise rates, the 30-year fixed-rate mortgage (FRM) wasted no time getting a jump on the Fed’s news, jumping to an… Read more »
5 Reasons Home Equity Loans Are Coming Back
This piece originally appeared in the April 2022 edition of MReport magazine, online now. After more than two years of a pandemic-inspired housing boom, the housing market is quickly shifting… Read more »
Mortgage rates blow past industry predictions
Some mortgage rate indices topped 4% on Thursday, blowing past predictions that rates might reach those levels by the end of 2022. Economists had predicted rates would rise as the… Read more »
Morning Roundup (2/11/2022)– Forbearances Down, Rates Up
Good Morning! Today is Friday, February 11. Biden is moving to split $7 billion in frozen Afghan funds between 9/11 victims’ families and humanitarian aid in Afghanistan. Congress passed a bipartisan… Read more »
Mortgage Rates Dip and Continue to Hover Below the 3% Mark
Freddie Mac’s latest Primary Mortgage Market Survey (PMMS) has shown that the 30-year fixed-rate mortgage (FRM) averaged 2.86% for the week ending September 16, 2021, down slightly from last week’s… Read more »
Mortgage Rates Fall to 2.9%
Mortgage rates continued to trend downward this week, as Freddie Mac reported the 30-year fixed-rate mortgage (FRM) slid down to 2.90%, dropping eight basis points from last week’s total of… Read more »
Mortgage Rates Keep Below the 3% Mark
Mortgage rates rose slightly this week, but still remain below the 3% mark, as Freddie Mac’s Primary Mortgage Market Survey (PMMS) found the 30-year fixed-rate mortgage (FRM) at 2.99%, up… Read more »