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Lance Drummond to Become Chairman of Freddie Mac’s Board of Directors

Lance Drummond to Become Chairman of Freddie Mac’s Board of Directors

by Phil Hall | Nov 9, 2023 | Current News & Events, Real Estate News, WRE News Exclusive

Freddie Mac (OTCQB: FMCC) announced the appointment of Lance Drummond as chairman of its board of directors. He will succeed Sara Mathew, who will retire from the board next February.as Board chair and as a Director in February 2024, as required by the company’s...
Mortgage Rates Hold Steady

Mortgage Rates Hold Steady

by Phil Hall | Nov 2, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates held steady in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 7.76% as of Nov. 2, down from last week when it averaged 7.79%. A year ago at this time, it averaged 6.95%. The...
Mortgage Rates Keep Climbing to the 8% Mark

Mortgage Rates Keep Climbing to the 8% Mark

by Phil Hall | Oct 26, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The 30-year fixed-rate mortgage continued its ascent to the dreaded 8% level in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 7.79% as of Oct. 26, up from last week when it averaged 7.63%. A...
Mortgage Rates Surge Higher (Again)

Mortgage Rates Surge Higher (Again)

by Phil Hall | Oct 19, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The 30-year fixed-rate mortgage continued its climb to the 8% level, averaging 7.63% as of Oct. 19, according to new data from Freddie Mac’s (OTCQB:FMCC) Primary Mortgage Market Survey. Last week, the 30-year fixed-rate mortgage averaged 7.57%. One year ago at...
Freddie Mac Debuts Tool to Match Borrowers with Down Payment Assistance Programs

Freddie Mac Debuts Tool to Match Borrowers with Down Payment Assistance Programs

by Phil Hall | Oct 18, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Freddie Mac (OTCQB: FMCC) has launched DPA One, a tool designed to help mortgage lenders quickly find and match borrowers to down payment assistance programs. According to Freddie Mac, DPA One aggregates and showcases down payment assistance programs in a single,...
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