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Mortgage Rates Drop for Third Straight Week

Mortgage Rates Drop for Third Straight Week

by Phil Hall | Nov 16, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates continued to decline for the third consecutive week in the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 7.44% as of Nov. 16, down from last week when it averaged 7.5%. A year ago at this...
FHFA Sets 2024 Multifamily Loan Purchase Caps at $70 Billion Per GSE

FHFA Sets 2024 Multifamily Loan Purchase Caps at $70 Billion Per GSE

by Phil Hall | Nov 14, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Federal Housing Finance Agency (FHFA) announced the 2024 multifamily loan purchase caps for Fannie Mae and Freddie Mac will be $70 billion for each government-sponsored enterprise (GSE), for a combined total of $140 billion to support the multifamily market. FHFA...
Mortgage Rates Go Into a Slump

Mortgage Rates Go Into a Slump

by Phil Hall | Nov 9, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates were in decline this week, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 7.5% as of Nov. 9, down from last week when it averaged 7.76%. A year ago at this time, it...
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...
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