Tag: FNMA

Finance

Is the Housing Market Headed for a Big Crash? What’s Ahead for Real Estate.

12/03/2022
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Todd Clark and his wife, Jocelynn Wilde-Clark, have lived through the ups and downs of the housing market in the time of pandemic. In the summer of 2021, as Covid produced frenzied home buying, the co...

Finance

Home Buyers Could Soon Get $1 Million Mortgage With 3% Down Payment

12/01/2022
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To qualify for a $1 million mortgage, Americans typically have to make a down payment of at least 20% of the home’s price. Starting next year, some buyers could put as little as 3% down. The cap for h...

Finance

Home Prices Surged to a Record as Sales Fell. What’s Cooling the Hot Housing Market.

04/20/2022
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Text size The rising cost of buying a home has weighed on buyers as mortgage rates have increased. Brandon Bell/Getty Images Existing-home sales fell in March fell as home prices climbed to their high...

Finance

Mortgage rates soar to highest level in over a decade — even wealthy home buyers are feeling the pain

04/14/2022
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Mortgage rates are soaring, and no one is being spared. The average rate on a 30-year fixed-rate mortgage was 5% as of the week ending April 14, representing an increase of 28 basis points from the pr...

Finance

As mortgage rates surge higher, these home buyers are being pushed out of the market

04/07/2022
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The steep upward climb in mortgage rates still isn’t showing any signs of stopping. The average rate on a 30-year fixed-rate mortgage was 4.72% as of the week ending April 7, Freddie Mac FMCC, -0.03% ...

Finance

Here’s how much a 40-year mortgage would save you each month vs. a 30-year loan. And the ultimate cost.

04/04/2022
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The U.S. home-financing market has been dominated by the 30-year fixed-rate mortgage loan for decades. Now some key players in the U.S. housing market think it is time to give home buyers the option o...

Finance

Surfside Tower Collapse Makes Buying Condos More Complicated

02/20/2022
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Fannie Mae and Freddie Mac are asking questions about the safety and soundness of condos and co-op buildings after the Surfside, Fla., tower collapse. There is little agreement on how to answer them. ...