Freddie Mac (OTCQB: FMCC) reported new mortgage rate declines in the Christmas Eve edition of its Primary Mortgage Market Survey. The 30-year fixed-rate mortgage averaged 6.18% as of Dec. 24, down from last week when it averaged 6.21%. A year ago at this time, it...
Alabama experienced 5,778 homes sales in November, a scant 0.1% uptick from the prior month and a 3.8% increase from one year earlier. According to data from the Alabama Association of Realtors (AAR), the 20,725 active monthly listings at the end of November marked...
Ahead of the Christmas holiday break, fewer prospective homebuyers were filling out mortgage applications, according to from the Mortgage Bankers Association (MBA) for the week ending Dec. 19. The Market Composite Index, the MBA’s measure of mortgage loan application...
Nearly 100 mayors of Minnesota localities have signed a letter criticizing state legislators for spending at reckless levels that forced their cities to raise property taxes. KNSI reports the mayors expressed outrage to legislators and Gov. Tim Walz that the...
A total of 7,492 closed sales were recorded in Virginia during November, representing 361 fewer than in November 2024 for a nearly 5% decline. According to data from Virginia Realtors, sales also fell 16.8% from October. At the end of November, there were 22,978...
The Federal Housing Finance Agency (FHFA) released its Enterprise Housing Goals Final Rule for 2026-2028, with lower single‑family low-income benchmarks and unchanged multifamily targets. Under the new Final Rule, Fannie Mae (OTCQB: FNMA) and Freddie Mac (OTCQB: FMCC)...
