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Mortgage Rates Continue to Slide

Mortgage Rates Continue to Slide

by Phil Hall | Sep 19, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates were down again in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.09% as of Sept. 19, down from last week when it averaged 6.20%. A year ago at this time, it averaged 7.19%....
Report: Ex-Trump Administration Officials Formulating New GSE Reform Plan

Report: Ex-Trump Administration Officials Formulating New GSE Reform Plan

by Phil Hall | Sep 13, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

A group of former Trump administration officials are reportedly putting together a new plan to end the 16-year federal conservatorship of the government-sponsored enterprises (GSEs) Fannie Mae (OTCQB: FNMA) and Freddie Mac (OTCQB: FMCC). The Wall Street Journal,...
Mortgage Rates Fall to 19-Month Low

Mortgage Rates Fall to 19-Month Low

by Phil Hall | Sep 12, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates continued to decline in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.20% as of Sept. 12, down from last week when it averaged 6.35%. A year ago at this time, it averaged...
Freddie Mac Names Diana Reid as New CEO

Freddie Mac Names Diana Reid as New CEO

by Phil Hall | Sep 10, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Freddie Mac (OTCQB: FMCC) announced the appointment of Diana Reid as the new CEO. Reid, who will also serve as a member of Freddie Mac’s board of directors, succeeds Michael J. DeVito, who retired earlier this year. Michael Hutchins, who served as interim CEO, will...
Mortgage Rates Remain Flat

Mortgage Rates Remain Flat

by Phil Hall | Sep 5, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates remained flat in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.35% as of Sept. 5, unchanged from last week. A year ago at this time, it averaged 7.12%. The 15-year fixed-rate...
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