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Mortgage Rates Continue to Plummet

Mortgage Rates Continue to Plummet

by Phil Hall | Dec 7, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC) finds mortgage rates in a continued decline. The 30-year fixed-rate mortgage averaged 7.03% as of Dec. 7, down from last week when it averaged 7.22%. A year ago at this time, it averaged...
Freddie Mac Standardizes Down Payment Assistance Documents

Freddie Mac Standardizes Down Payment Assistance Documents

by Phil Hall | Dec 4, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Freddie Mac (OTCQB: FMCC) announced the availability of new, standardized mortgage documents designed to standardize down payment assistance (DPA) programs. Traditionally, subordinate lien documents were tailored to specific housing finance agencies (HFAs). In...
Mortgage Rates Down for Fifth Straight Week

Mortgage Rates Down for Fifth Straight Week

by Phil Hall | Nov 30, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates continued their downward trajectory for the fifth consecutive week, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 7.22% as of Nov. 30, down from last week when it...
FHFA Increases Conforming Loan Limits Values for 2024

FHFA Increases Conforming Loan Limits Values for 2024

by Phil Hall | Nov 28, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Federal Housing Finance Agency (FHFA) announced the conforming loan limit values for the mortgages on one-unit properties that Fannie Mae and Freddie Mac will acquire in 2024 will be $766,550, an increase of $40,350 from 2023. The FHFA adjusted the loan limit...
Mortgage Rates Continue to Drop

Mortgage Rates Continue to Drop

by Phil Hall | Nov 24, 2023 | Current News & Events, Mortgage Information, Real Estate News, WRE News Exclusive

Mortgage rates declined again in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage is now averaging 7.29%, down from last week when it averaged 7.44%. A year ago at this time, it averaged 6.58%. The...
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