Tag: Freddie Mac

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

Mortgage Rates Fall As Inflation Eases And Fed Signals Smaller Hikes Ahead

12/01/2022
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Fed officials signal the pace of rate hikes may slow. getty Mortgage rates fell to a two-month low this week as bond investors bet inflation will continue easing and the Federal Reserve signaled it wi...

Finance

Mortgage Rates Surpass 6% For First Time October 2008

09/15/2022
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Topline Mortgage rates are now at their highest level since the peak of the Great Recession, according to data released Thursday by mortgage provider Freddie Mac. A home for sale sign in Florida. Gett...

Finance

U.S. homeownership rate tumbles to 1980s levels

07/06/2022
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High prices for everything from groceries to gas aren’t the only things making this year feel like a throwback to the 1980s. After almost a decade of gains, homeownership in the U.S. also has slipped ...

Finance

‘The pandemic boom in home sales is over’: Mortgage rates soar to highest level since 2009 as the Fed pressures the housing market

05/05/2022
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Mortgage rates are skyrocketing thanks to the Fed, but buyers who can tough out this difficult, changing market will be rewarded. The 30-year fixed-rate mortgage averaged 5.27% for the week ending May...

Finance

‘I think we’re in the final innings.’ Pimco’s Kiesel thinks the housing market has hit its top

05/01/2022
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Mark Kiesel is thinking of selling his California home and becoming a renter. Families looking to buy a home make want to take heed. Kiesel, who serves as global credit chief investment officer at Pim...

Finance

‘Buyers of a median-price home are looking at a monthly mortgage payment that is almost 50% higher than it was a year ago.’ The 30-year mortgage rate dips slightly to 5.1%

04/28/2022
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The interest rate on the country’s benchmark mortgage product edged downward for the first time since early March, but that doesn’t mean the housing market will see a reprieve. The 30-year fixed-rate ...

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

Mortgage rates zoom past 4.5% — here’s what home buyers need to know

03/31/2022
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Mortgages rates keep climbing, and that poses a major challenge for families looking to score a deal during the busy spring home-buying season. The benchmark 30-year fixed-rate mortgage averaged 4.67%...

Finance

‘Mortgage rates are likely to push toward 5% before the end of the year’: Rates soar to highest level in over 3 years, putting pressure on home buyers

03/24/2022
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Mortgage rates are racing toward 5% as the Federal Reserve’s expected trajectory for future rate hikes becomes clearer. The average rate on a 30-year fixed-rate mortgage was 4.42% as of the week endin...

Finance

Mortgage rates rise as Russia’s war in Ukraine stokes volatility. Experts say the short-term uncertainty over rates could continue

03/11/2022
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After two consecutive weeks of declines, mortgage rates have moved higher once again. Where they will go in the short term, though, largely depends on what happens overseas. Mortgage rates could fall ...

Finance

Mortgage rates drop amid increased market uncertainty as Russia’s bombardment of Ukraine escalates

03/05/2022
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Home buyers will have the chance to lock in low interest rates just ahead of the most popular season to purchase a house. The average rate for the 30-year fixed-rate was 3.76%, down 13 basis points fr...

Finance

Mortgage rates fall amid geopolitical uncertainty. How the Russia-Ukraine crisis could impact home buyers — and interest rates

02/26/2022
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Home buyers are seeing temporary relief from rising interest rates as markets react to Russia’s invasion of Ukraine. But in the longer term, inflation remains a serious concern. The 30-year fixed-rate...

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. ...

Finance

Mortgage Rates Surge. The Pandemic’s Ultralow Rates Are Over.

01/15/2022
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Text size The average rate of a 30-year fixed-rate mortgage was 3.45% this week. Brandon Bell/Getty Images Mortgage rates climbed to their highest point since March 2020, according to data released Th...

Finance

Bad news for home buyers: Mortgage rates have soared to their highest levels since March 2020

01/13/2022
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Interest rates are surging on the heels of data showing a concerning outlook for inflation — and home buyers are set to pay the price. The 30-year fixed-rate mortgage averaged 3.45% for the week endin...

Finance

‘The Fed might have to really stop on the brakes’: Mortgage rates surge to highest level in over a year

01/06/2022
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Mortgage rates rose markedly in the first week of 2022 — potentially setting the tone for a year in which economist expect interest rates to move steadily higher. The 30-year fixed-rate mortgage avera...