As the nation embarks on the next four years under President Donald Trump’s administration, the housing market stands at the threshold of significant opportunity. With the housing sector serving as an economic cornerstone and a primary driver of wealth for millions of...
The 30-year fixed-rate mortgage broke through the 7% mark this week, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 7.04% average as of Jan. 16, up from last week when it averaged 6.93%. One year ago at this time, it...
Federal Housing Finance Agency (FHFA) Director Sandra Thompson will resign on Jan. 19, one day before President-elect Donald Trump will be sworn into office. Bloomberg first reported Thompson’s decision to step down from the FHFA leadership; the agency has not issued...
Mortgage rates came closer to the 7% level in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.93% as of Jan. 9, up from last week when it averaged 6.91%. A year ago at this time, it averaged...
Freddie Mac (OTCQB: FMCC) has promoted James Whitlinger to executive vice president and chief financial officer (CFO). Whitlinger previously served as Freddie Mac’s senior vice president and single-family CFO since 2014. He has served as interim CFO since June of...