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Mortgage Rates Rise Again

Mortgage Rates Rise Again

by Phil Hall | Feb 15, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates were back on the rise, according to the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.77% as of Feb. 15, up from last week when it averaged 6.64%. A year ago at this time, it...
Mortgage Rates Remain Stagnant

Mortgage Rates Remain Stagnant

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

The 30-year fixed-rate mortgage averaged 6.64% as of Feb. 8, recording a scant uptick from last week when it averaged 6.63%, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). A year ago at this time, it averaged 6.12%. The 15-year...
Freddie Mac Extends Mortgage Assistance to Very Low Income Borrowers

Freddie Mac Extends Mortgage Assistance to Very Low Income Borrowers

by Phil Hall | Feb 6, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Freddie Mac (OTCQB: FMCC) announced potential homebuyers earning 50% of area median income or less will be eligible for a $2,500 credit that may help with down payment and other costs at closing under a new initiative that begins on March 1. The funds can also be used...
Mortgage Rates Continue to Drop

Mortgage Rates Continue to Drop

by Phil Hall | Feb 1, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The 30-year fixed-rate mortgage averaged 6.63% as of Feb. 1, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). This is down last week when it averaged 6.69%, and it is up from the 6.09% average of one year ago at this time. The...
Leena Amin Joins Greystone as Senior Managing Partner

Leena Amin Joins Greystone as Senior Managing Partner

by Phil Hall | Jan 29, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Greystone, a New York City-based commercial real estate finance company, has hired Leena Amin as a senior managing director for structured finance. In her new job, Amin will focus on expanding the firm’s bank and alternative capital relationships as well as developing...
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