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Mortgage Rates Take a Small Dip

Mortgage Rates Take a Small Dip

by Phil Hall | Aug 22, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates were down slightly in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.46% as of Aug. 22, down from last week when it averaged 6.49%. A year ago at this time, it averaged 7.23%....
GSEs Update Private Mortgage Insurer Eligibility Requirements

GSEs Update Private Mortgage Insurer Eligibility Requirements

by Phil Hall | Aug 22, 2024 | Current News & Events, Industry Updates, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Federal Housing Finance Agency (FHFA) announced the government-sponsored enterprises Fannie Mae (OTCMKTS: FNMA) and Freddie Mac (OTCMKTS: FMCC) are updating their Private Mortgage Insurer Eligibility Requirements (PMIERs). The GSEs first issued their PMIERs in...
Mortgage Rates Record Slight Uptick

Mortgage Rates Record Slight Uptick

by Phil Hall | Aug 15, 2024 | Current News & Events, Mortgage Information, Real Estate News, WRE News Exclusive

Mortgage rates recorded a slight uptick in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.49% as of Aug. 15, up from last week when it averaged 6.49%. A year ago at this time, it averaged...
Mortgage Rates Plunge to Lowest Level in Over a Year

Mortgage Rates Plunge to Lowest Level in Over a Year

by Phil Hall | Aug 8, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates dropped to their lowest rate in over a year, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.47% as of Aug. 8, down from last week when it averaged 6.73%. A year ago at...
Report: GSEs Planning Tougher Rules on Multifamily Lenders

Report: GSEs Planning Tougher Rules on Multifamily Lenders

by Phil Hall | Aug 5, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

The government-sponsored enterprises (GSEs) Fannie Mae (OTCMKTS: FNMA) and Freddie Mac (OTCMKTS: FMCC) are reportedly preparing tougher rules for multifamily property lenders and brokers. According to a Wall Street Journal report sourced from unnamed “people familiar...
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