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Mortgage Rates in a Modest Drop

Mortgage Rates in a Modest Drop

by Phil Hall | Dec 5, 2024 | Current News & Events, Market Snapshot, Mortgage Information, Real Estate News, WRE News Exclusive

Mortgage rates took a downturn in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.69% as of Dec. 5, down from last week when it averaged 6.81%. A year ago at this time, it averaged 7.03%. The...
Mortgage Rates Stay Flat Ahead of Holiday Weekend

Mortgage Rates Stay Flat Ahead of Holiday Weekend

by Phil Hall | Nov 27, 2024 | Current News & Events, Market Snapshot, Mortgage Information, Real Estate News, WRE News Exclusive

Mortgage rates remained flat ahead of the Thanksgiving holiday weekend, according to the latest Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.81% as of Nov. 27, down from last week when it averaged 6.84%. A...
GSEs Publish Underserved Markets Plans for Next 4 Years

GSEs Publish Underserved Markets Plans for Next 4 Years

by Phil Hall | Nov 26, 2024 | Current News & Events, Market Snapshot, 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 | Current News & Events, Market Snapshot, Mortgage Information, 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 | Current News & 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...
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