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Mortgage Rates Down Slightly This Week

Mortgage Rates Down Slightly This Week

by Phil Hall | Jun 8, 2023 | Current News & Events, Mortgage Information, Real Estate News, WRE News Exclusive

Mortgage rates went into minor decline after three weeks in ascension, according to the latest Primary Mortgage Market Survey from Freddie Mac (OTC:FMCC). The 30-year fixed-rate mortgage averaged 6.71% as of June 8, down from last week when it averaged 6.79%. A year...
Look Up, Folks, Because That’s Where Mortgage Rates Are Heading!

Look Up, Folks, Because That’s Where Mortgage Rates Are Heading!

by Phil Hall | Jun 1, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The latest Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC) requires an upward view. The 30-year fixed-rate mortgage averaged 6.79% as of June 1, up from last week when it averaged 6.57%. A year ago at this time, it averaged 5.09%. The 15-year fixed-rate...
GOP Governors Call on Biden to Rescind LLPA Changes

GOP Governors Call on Biden to Rescind LLPA Changes

by Phil Hall | May 31, 2023 | Current News & Events, Industry Updates, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

A coalition of 18 Republican governors called on the Biden administration to reverse the Federal Housing Finance Agency’s (FHFA) changes to the Fannie Mae and Freddie Mac loan level pricing adjustment (LLPA) structure for borrowers seeking a mortgage. “The new LLPA...
Mortgage Rates Go Up, Up and Away

Mortgage Rates Go Up, Up and Away

by Phil Hall | May 25, 2023 | Current News & Events, Mortgage Information, Real Estate Agent Tools, U.S. Housing Market, WRE News Exclusive

Mortgage rates were soaring again in the latest Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.57% as of May 25, up from last week when it averaged 6.39%.  A year ago at this time, the rate averaged 5.10%. The...
Freddie Mac: Another Mortgage Rate Uptick

Freddie Mac: Another Mortgage Rate Uptick

by Phil Hall | May 18, 2023 | Current News & Events, Industry Updates, Mortgage Information, Real Estate News, WRE News Exclusive

Freddie Mac (OTCQB: FMCC) released the results of its Primary Mortgage Market Survey, and it is not welcome news for those hoping to see mortgage rates decline. The 30-year fixed-rate mortgage averaged 6.39% of May 18, up from last week when it averaged 6.35%. A year...
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