Freddie Mac

  • Freddie Mac Nov 24, 2019

    Majority of Generation Z Expect to Own a Home by Age 30: Study

    A a study from mortgage lender Freddie Mac explains another particular demographic is more “financially educated” because they were kids when the 2008 economic crisis happened and understand the importance of owning a home.

  • Congress Oct 30, 2019

    How the Fed's Interest Rate Cut Affects Credit Card, Mortgage, Savings Rates

    The Fed is expected to announce Wednesday that it is cutting its benchmark interest rate by one quarter of a percentage point, its third rate cut this year. “When the Fed raises or reduces the cost of money, it affects interest rates across the board,” said Greg McBride Bankrate’s chief financial analyst. “One way or another, it’s going to impact...

  • Donald Trump Sep 6, 2019

    Treasury Unveils Plan to Privatize Fannie Mae, Freddie Mac

    The Trump administration has unveiled its plan for ending government control of Fannie Mae and Freddie Mac, the two giant mortgage finance companies that nearly collapsed in the financial crisis 11 years ago and were bailed out at a total cost to taxpayers of $187 billion. The administration’s plan calls for returning Fannie and Freddie to private ownership and reducing...

  • United States Oct 4, 2018

    Mortgage Rates Edge Lower; 30-Year Rate at 4.71 Percent

    Long-term U.S. mortgage rates edged slightly lower this week, taking a pause after five straight weeks of increases. Costs for would-be homebuyers have been climbing, and the key 30-year rate has been running at its highest levels in more than seven years. Mortgage buyer Freddie Mac said Thursday the average rate on 30-year, fixed-rate mortgages ticked down to 4.71 percent...

  • China Sep 20, 2018

    US Home Sales Flat in August, Down Over Past 12 Months

    U.S. sales of existing homes were unchanged in August, as a shortage of houses priced at less than $250,000 — a level considered to be affordable for the middle class — has become a drag on the real estate market. The National Association of Realtors said Thursday that homes sold last month at a seasonally adjusted annual pace of 5.34...

  • United States Aug 2, 2018

    Average US Mortgage Rates Rise; 30-Year at 4.60 Percent

    Long-term U.S. mortgage rates rose for the second straight week, continuing to dampen prospects for potential homebuyers. Mortgage buyer Freddie Mac said Thursday the average rate on 30-year, fixed-rate mortgages jumped to 4.60 percent this week from 4.54 percent last week. Long-term loan rates have been running at their highest levels in seven years. The average benchmark 30-year rate reached...

  • United States Jul 5, 2018

    Average US 30-Year Mortgage Rates Fall to 4.52 Percent

    Long-term U.S. mortgage rates fell this week, offering a slight degree of relief to would-be homebuyers. Mortgage buyer Freddie Mac said Thursday that the average rate on 30-year, fixed-rate mortgages dropped to 4.52 percent from 4.55 percent a week ago. Rates have declined in five of the past six weeks. Still, the average rate has increased from a year ago...

  • Donald Trump Apr 19, 2018

    Average US 30-Year Mortgage Rate Rose to 4.47 Percent

    Long-term U.S. mortgage rates climbed upward this week, slightly worsening affordability for homebuyers. Mortgage buyer Freddie Mac said Thursday that the average rate on 30-year, fixed-rate mortgages rose to 4.47 percent from 4.42 percent last week. This benchmark rate averaged 3.97 percent a year ago. With the start of the traditional spring homebuying season, people shopping for homes are dealing...

  • United States Mar 22, 2018

    Average 30-Year Mortgage Rates Rose to 4.45 Percent

    Long-term U.S. mortgage rates are ticking up slightly this week, the 10th increase in the past 11 weeks. Mortgage buyer Freddie Mac said Thursday that the average rate on 30-year fixed-rate mortgages rose to 4.45 percent from 4.44 percent last week. Rates are relatively low by historical standards, but they’ve shot up from an average that remained below 4 percent...

  • Houston Aug 30, 2017

    Fannie Mae, Freddie Mac Announce Mortgage Relief for Homeowners Affected By Harvey

    Three federally-sponsored agencies announced Tuesday they are suspending foreclosures and evictions for 90 days on homes that have been affected by the catastrophic flooding caused by Hurricane Harvey. Homeowners with mortgages owned or guaranteed by Fannie Mae, Freddie Mac or the Federal Housing Administration qualify for relief on properties located within a “FEMA-declared disaster area that are eligible for FEMA...

  • Donald Trump Apr 21, 2017

    US Home Sales Shoot Up to 10-Year High

    Americans purchased homes in March at the fastest pace in over a decade, a strong start to the traditional spring buying season. Sales of existing homes climbed 4.4 percent last month to a seasonally adjusted annual rate of 5.71 million, the National Association of Realtors said Friday. This was the fastest sales rate since February 2007. The U.S. housing market...

  • Presidential election Mar 23, 2017

    US New Home Sales Rise Despite Higher Mortgage Rates

    Americans responded to higher mortgage rates by snapping up new homes in February at the fastest pace since July. New-home sales rose 6.1 percent month-over-month to a seasonally adjusted annual rate of 592,000, the Commerce Department said Thursday. That sales pace is nearly 13 percent higher than February of last year, a positive sign for the housing market that demand...

  • Donald Trump Nov 17, 2016

    US Home Construction Jumps by Largest Amount in 34 Years

    Builders broke ground on the most new homes in nine years last month, a response to strong demand that should lift the economy. Home construction soared 25.5 percent to a seasonally adjusted 1.3 million in October, the Commerce Department said Thursday. That is the biggest gain since July 1982. New construction is also at the highest level since August 2007,...

  • United States Jul 14, 2016

    Average US Mortgage Rates Still at Historic Lows

    Long-term U.S. mortgage rates moved little this week, remaining near historically low levels in the wake of financial disarray in Europe. Mortgage giant Freddie Mac said Thursday the average for the benchmark 30-year fixed-rate mortgage ticked up to 3.42 percent from 3.41 percent last week, staying close to its all-time low of 3.31 percent in November 2012. The average rate...

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