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Mortgage Rates Up for Sixth Straight Week

Mortgage Rates Up for Sixth Straight Week

by Phil Hall | Nov 7, 2024 | Mortgage Information, Real Estate News, WRE News Exclusive

Mortgage rates were up for the sixth consecutive week, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.79% as of Nov. 7, up from last week when it averaged 6.72%. A year ago at this...
Mortgage Rates Up for Fifth Straight Week

Mortgage Rates Up for Fifth Straight Week

by Phil Hall | Oct 31, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates continued their upward climb in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.72% as of Oct. 31, up from last week when it averaged 6.54%. A year ago at this time, it...
Appraisal Industry Warns Against GSE Waiver Updates from FHFA

Appraisal Industry Warns Against GSE Waiver Updates from FHFA

by Phil Hall | Oct 30, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Appraisal Institute has criticized the Federal Housing Finance Agency’s (FHFA) updates to several appraisal policies for the government-sponsored enterprises (GSEs) Fannie Mae (OTCQB: FNMA) and Freddie Mac (OTCBQ: FMCC). In a press statement, Appraisal Institute...
FHFA Updates GSEs’ Appraisal Policies

FHFA Updates GSEs’ Appraisal Policies

by Phil Hall | Oct 28, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Federal Housing Finance Agency (FHFA) announced updates to several appraisal policies related to Fannie Mae (OTCQB: FNMA) and Freddie Mac (OTCBQ: FMCC). The government-sponsored enterprises (GSEs) will expand eligibility for appraisal waivers and inspection-based...
Mortgage Rates Are Climbing Again

Mortgage Rates Are Climbing Again

by Phil Hall | Oct 24, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates were on the rise once more in the new Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.54% as of Oct. 24, up from last week when it averaged 6.44%. A year ago at this time, it averaged...
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