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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 | Current News & Events, Mortgage Information, 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 | Current News & Events, Mortgage Information, 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, Current News & 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...
Mortgage Rates and Purchase Loan Applications Inch Up

Mortgage Rates and Purchase Loan Applications Inch Up

by Phil Hall | Jan 25, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The 30-year fixed rate mortgage averaged 6.69% as of Jan. 25, up from last week when it averaged 6.60%, according to Freddie Mac’s (OTCQB: FMCC) latest Primary Mortgage Market Survey. A year ago at this time, it averaged 6.13%. The 15-year fixed-rate mortgage averaged...
Mortgage Rates Drop to 8-Month Low

Mortgage Rates Drop to 8-Month Low

by Phil Hall | Jan 18, 2024 | Current News & Events, Mortgage Information, 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 6.60% as of Jan. 18, down from last week when it averaged 6.66%. A year ago at this time, it averaged...
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