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FHFA Updates GSEs’ Appraisal Policies

FHFA Updates GSEs’ Appraisal Policies

by Phil Hall | Oct 28, 2024 | Current News & Events, Industry Updates, 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 | Current News & Events, Mortgage Information, 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...
Mortgage Rates Continue to Rise

Mortgage Rates Continue to Rise

by Phil Hall | Oct 17, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates continued to rise in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.44% as of Oct. 17, up from last week when it averaged 6.32%. A year ago at this time, it averaged 7.63%....
Mortgage Rates Up Sharply

Mortgage Rates Up Sharply

by Phil Hall | Oct 10, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates soared in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.32% as of Oct. 10, up from last week when it averaged 6.12%. A year ago at this time, it averaged 7.57%. The 15-year...
New Coalition Seeks to Address Racial Disparities in Homeownership

New Coalition Seeks to Address Racial Disparities in Homeownership

by Phil Hall | Oct 9, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A coalition of 14 trade associations, financial institutions and government-sponsored enterprises have joined forces to create the Convergence Collaboration, a new endeavor designed to address the issues that contribute to racial disparities in homeownership. Over the...
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