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GSEs Publish Underserved Markets Plans for Next 4 Years

GSEs Publish Underserved Markets Plans for Next 4 Years

by Phil Hall | Nov 26, 2024 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Federal Housing Finance Agency (FHFA) announced that the government-sponsored enterprises (GSEs) Fannie Mae (OTCQB: FNMA) and Freddie Mac (OTCQB: FMCC) has published plans to extend housing access in rural underserved markets, enhance their support for...
Mortgage Rates Rise Again

Mortgage Rates Rise Again

by Phil Hall | Nov 21, 2024 | Market Snapshot, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates were on the rise again in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.84% as of Nov. 21, up from last week when it averaged 6.78%. A year ago at this time, it averaged...
FHFA Raises Multifamily Loan Purchase Cap for GSEs

FHFA Raises Multifamily Loan Purchase Cap for GSEs

by Phil Hall | Nov 18, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

The Federal Housing Finance Agency (FHFA) is raising the multifamily loan purchase cap for the government-sponsored enterprises (GSEs) Fannie Mae (OTCQB: FNMA) and Freddie Mac (OTCQB: FMCC) to $73 billion each, a 4% year-over-year increase. Multifamily loans that...
Mortgage Rates Hold Steady After Climbing for 6 Weeks

Mortgage Rates Hold Steady After Climbing for 6 Weeks

by Phil Hall | Nov 14, 2024 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

Mortgage rates held steady in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.78% as of Nov. 14, down from last week when it averaged 6.79%. A year ago at this time, it averaged 7.44%. The...

Two New Partnerships Designed to Expand Homeownership Among Tribal Communities

by Phil Hall | Nov 7, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Federal Housing Finance Agency (FHFA) today announced two partnerships involving Fannie Mae (OTCQB: FNMA), Freddie Mac (OTCQB: FMCC), and the Federal Home Loan Banks (FHLBanks) to expand awareness and liquidity for homeownership across tribal communities....
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