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Freddie Mac Mortgage Rate Jumps to 7.28%, Highest in Nearly Three Years

Freddie Mac Mortgage Rate Jumps to 7.28%, Highest in Nearly Three Years

by John G. Stevens | Oct 1, 2026 | Current News & Events, Mortgage Information, U.S. Housing Market

Mortgage rates surged again this week, with Freddie Mac’s benchmark 30-year fixed rate climbing 25 basis points to 7.28%, its highest reading in nearly three years. The 30-year fixed-rate mortgage averaged 7.28% as of Oct. 1, up from 7.03% a week earlier, according to...
Federal Judge Preserves $56.1 Million in HUD Housing Counseling Funds as Legal Fight Proceeds

Federal Judge Preserves $56.1 Million in HUD Housing Counseling Funds as Legal Fight Proceeds

by John G. Stevens | Oct 1, 2026 | Current News & Events, Industry Updates, Mortgage Information

A federal judge has temporarily prevented nearly $56 million in federal housing counseling money from expiring while a group of nonprofit organizations challenges the Trump administration’s effort to cancel the funds. U.S. District Judge Jia Cobb issued the order late...
FHFA Cuts Inspector General Budget to $20 Million as Watchdog Warns of Deep Staff Reductions

FHFA Cuts Inspector General Budget to $20 Million as Watchdog Warns of Deep Staff Reductions

by John G. Stevens | Oct 1, 2026 | Current News & Events, Industry Updates, Mortgage Information

The Federal Housing Finance Agency has cut the annual budget of its independent inspector general to $20 million, a 64% reduction from the level the White House submitted to Congress, prompting the watchdog to warn lawmakers that it may have to eliminate 70% to 80% of...
HomeServices Acquires 1000WATT as It Builds Integrated Housing Platform

HomeServices Acquires 1000WATT as It Builds Integrated Housing Platform

by John G. Stevens | Oct 1, 2026 | Current News & Events, Industry Updates, Mortgage Information, Real Estate News

HomeServices of America has acquired 1000WATT, bringing one of residential real estate’s better-known strategy and research firms in-house as the Berkshire Hathaway-owned company works to connect its brokerage, mortgage, title, insurance and servicing businesses more...
NAHB Says Immigration Detention Policy Is Disrupting Homebuilding

NAHB Says Immigration Detention Policy Is Disrupting Homebuilding

by John G. Stevens | Oct 1, 2026 | Current News & Events, Real Estate News, U.S. Housing Market

The National Association of Home Builders is asking a federal appeals court to preserve access to bond hearings for certain people facing immigration detention, arguing that the government’s newer detention approach is adding uncertainty to an already constrained...
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