Mortgage rates moved sharply higher this week, pushing the housing market back to the edge of the 7% threshold just as buyers and builders were already confronting renewed pressure from borrowing costs. The average rate on a 30-year fixed mortgage rose to 6.95% as of...
Freddie Mac is bringing approximately $474 million of deeply delinquent residential mortgages to market in its latest effort to reduce less-liquid assets held in its mortgage-related investments portfolio. The government-sponsored enterprise announced Wednesday that...
A recently built Philadelphia apartment property has secured $17.362 million in Freddie Mac financing, a relatively modest transaction that nonetheless offers a useful look at what is getting funded in today’s multifamily debt market. Greystone said it provided...
Three different data sources are reporting an increase in mortgage rates, with two of the sources insisting the 30-year fixed-rate mortgage topped 7% for the first time in over a year. Freddie Mac (OTCQB: FMCC) reported the 30-year fixed-rate mortgage averaged 6.76%...
For years, the mortgage industry has complained about the rising cost of pulling credit. Those complaints weren’t imaginary. The Mortgage Bankers Association told Congress earlier this year that its members had experienced four consecutive years of significant...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
