Related news from
Mon, 29 Apr 2024 18:15:00 +0000	Freddie Mac Delivers 2024 Equitable Housing Finance Plan Update to three-year Plan continues progress on equitable and sustainable housingMCLEAN, Va., April 29, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today published its Equitable Housing Finance Plan and Performance Report for 2023 along with revisions to its 2024 objectives and actions within its three-year Equitable Housing Finance Plan. The Plan is the company’s roadmap to promote sustainable homeownership and rental opportunities for traditionally underserved communities across the nat
Thu, 25 Apr 2024 20:30:00 +0000	Freddie Mac Issues Monthly Volume Summary for March 2024 McLEAN, Va., April 25, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today posted to its website its Monthly Volume Summary for March 2024, which provides information on Freddie Mac’s mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities and other investments. Freddie Mac’s mission is to make home possible for families across the nation. We promote liquidity, stability, affordability and equity in the housing market throughout all economic cycles.
Thu, 25 Apr 2024 16:27:36 +0000	Average long-term US mortgage rate climbs for fourth straight week to highest level since November The average long-term U.S. mortgage rate climbed this week to its highest level since late November, another setback for home shoppers in what's traditionally the housing market's busiest time of the year. The average rate on a 30-year mortgage rose to 7.17% from 7.1% last week, mortgage buyer Freddie Mac said Thursday. A year ago, it averaged 5.71%, Freddie Mac said.
Thu, 25 Apr 2024 16:06:00 +0000	Mortgage rates climb for fourth week in a row, taking ‘the wind out of the sails’ of the housing market The 30-year mortgage rate is averaging 7.17%, Freddie Mac said in its latest weekly survey on Thursday.
Thu, 25 Apr 2024 16:02:53 +0000	Mortgage rates continue upward climb to 7.17% Mortgage rates rose again this week, with the average 30-year fixed-rate note climbing further past 7% in another blow to the struggling housing market.
Thu, 25 Apr 2024 16:00:00 +0000	Mortgage Rates Continue to Increase Primary Mortgage Market Survey® U.S. weekly average mortgage rates as of 04/25/2024 MCLEAN, Va., April 25, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 7.17 percent. “Mortgage rates continued rising this week,” said Sam Khater, Freddie Mac’s Chief Economist. “Despite rates increasing more than half a percent since the first week of the year, purchase demand rema
Wed, 24 Apr 2024 20:11:57 +0000	Florida’s Home Insurance Industry May Be Worse Than Anyone Realizes (Bloomberg) -- Seven property insurers in Florida went bankrupt in 2021 and 2022. The bankruptcies left thousands of homeowners scrambling to get new coverage, which often came with a big increase in cost. Worse, many had outstanding claims for hurricane damage that had not been addressed.Most Read from BloombergBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsZuckerberg Asks for Patience After Meta’s AI Push Irks InvestorsTaylor Swift Is Proof That How We Critique Music
Wed, 24 Apr 2024 10:00:34 +0000	Surge in home insurance costs adding more inflation pressure on Americans Surging home insurance premiums are the latest obstacle to homeownership for millions of Americans, who are already grappling with steep mortgage rates.
Sun, 21 Apr 2024 17:44:37 +0000	The outlook for home prices has changed drastically in just the past month as Fed rate cuts look more and more distant Freddie Mac said home prices will increase 0.5% in 2024 and 2025, after saying last month they will rise 2.5% in 2024 and 2.1% 2025.
Thu, 18 Apr 2024 16:28:55 +0000	Mortgage rates leap above 7% for first time this year The average rate for a 30-year fixed-rate mortgage topped 7% this week for the first time in 2024 as elevated rates and high prices continue to pummel the housing market.
Thu, 18 Apr 2024 16:28:30 +0000	Mortgage rates top 7% for the first time this year, Freddie Mac says U.S. mortgage rates increased by the most since June and also crossed the 7% threshold for the first time since December, muddling home sales growth, a Thursday report said. The average rate on a 30-year fixed-rate mortgage rose to 7.10% for the week ended April 18 from 6.88% the week prior, Freddie Mac reported. “As rates trend higher, potential homebuyers are deciding whether to buy before rates rise even more or hold off in hopes of decreases later in the year," said Sam Khater, Freddie Mac's chief economist.
Thu, 18 Apr 2024 16:15:29 +0000	Average long-term US mortgage rate climbs above 7% to highest level since late November Prospective homebuyers are facing higher costs to finance a home with the average long-term U.S. mortgage rate moving above 7% this week to its highest level in nearly five months. The average rate on a 30-year mortgage rose to 7.1% from 6.88% last week, mortgage buyer Freddie Mac said Thursday. When mortgage rates rise, they can add hundreds of dollars a month in costs for borrowers, limiting how much they can afford at a time when the U.S. housing market remains constrained by relatively few homes for sale and rising home prices.
Thu, 18 Apr 2024 16:00:00 +0000	US Mortgage Rates Surge to Highest Since November, Hitting 7.1% (Bloomberg) -- Mortgage rates in the US climbed past 7% for the first time this year.Most Read from BloombergDubai Grinds to Standstill as Flooding Hits CityElon Wants His Money BackRecord Rainfall in Dubai? Blame Climate Change, Not Cloud SeedingSingapore Loses ‘World’s Best Airport’ Crown to QatarRed Lobster Considers Bankruptcy to Deal With Leases and Labor CostsThe average for a 30-year, fixed loan was 7.1%, up from 6.88% last week, Freddie Mac said in a statement Thursday.Buyers are confron
Thu, 18 Apr 2024 16:00:00 +0000	Mortgage Rates Exceed 7 Percent for the First Time this Year Primary Mortgage Market Survey® U.S. weekly average mortgage rates as of 04/18/2024 MCLEAN, Va., April 18, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 7.10 percent. “The 30-year fixed-rate mortgage surpassed 7 percent for the first time this year, jumping from 6.88 percent to 7.10 percent this week,” said Sam Khater, Freddie Mac’s Chief Economist. “As rates tre
Thu, 18 Apr 2024 16:00:00 +0000	Mortgage Rates Pass 7% for First Time in 2024 Mortgage rates climbed above 7% for the first time this year as traders re-evaluated the odds for interest-rate cuts by the Federal Reserve. The average 30-year fixed mortgage rate this week was 7.1%, according to Freddie Mac It was the highest rate since late November, and the sharpest week-over-week increase since early June. Home prices kept rising in March, the National Association of Realtors said earlier this morning, adding to the difficulty of finding an affordable home.
Thu, 18 Apr 2024 14:00:00 +0000	US existing home sales drop in March; median price increases U.S. existing home sales fell in March as higher interest rates and house prices sidelined buyers from the market. Home sales dropped 4.3% last month to a seasonally adjusted annual rate of 4.19 million units, the National Association of Realtors said on Thursday. Economists polled by Reuters had forecast home resales slipping to a rate of 4.20 million units.
Wed, 17 Apr 2024 21:12:13 +0000	Freddie Mac Seeks to Regulatory Approval to Back Home-Equity Loans (Bloomberg) -- Freddie Mac is seeking regulatory approval to expand into guaranteeing second mortgages, a shift that would potentially drive down costs for Americans seeking to borrow against the equity in their home.Most Read from BloombergDubai Grinds to Standstill as Cloud Seeding Worsens FloodingElon Wants His Money BackSingapore Loses ‘World’s Best Airport’ Crown to QatarRed Lobster Considers Bankruptcy to Deal With Leases and Labor CostsTesla Asks Investors to Approve Musk’s $56 Billion Pa
Tue, 16 Apr 2024 17:00:00 +0000	Freddie Mac Multifamily Announces More Than $20 Billion in Impact Bonds Issued Since Program Inception Impact of Green, Social and Sustainability Bonds Detailed in New ReportMCLEAN, Va., April 16, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) Multifamily’s Impact Bonds program has issued over $20 billion in Green, Social and Sustainability bonds since the program’s creation in 2019. The announcement of the milestone comes as the company released its annual Impact Bonds Report. Freddie Mac’s Impact Bonds support multifamily properties that address persistent housing challenges, particularly e
Tue, 16 Apr 2024 16:12:32 +0000	Fannie Mae’s New Mortgage-Scoring System Aims to Lift MBS Demand (Bloomberg) -- Fannie Mae is selling agency mortgage backed securities designed to appeal to socially minded investors, as the mortgage giant looks to draw more buyers into the market to help fill a void left by the Federal Reserve stopping purchases.Most Read from BloombergUS Yields Spike as Hawkish Powell Puts 5% in Play: Markets WrapDubai Grinds to Standstill as Cloud Seeding Worsens FloodingChina Tells Iran Cooperation Will Last After Attack on IsraelBeyond the Ivies: Surprise Winners in the
Tue, 16 Apr 2024 10:00:00 +0000	3 Momentum Stocks That Are Seriously Losing Their Mojo. Sell Now? As simplistic as the methodology is, momentum investing can generate market-beating returns. However, momentum anomalies tend to collapse when structural breaks occur in the economy. As such, frequent revision of your momentum positions is required. I have reason to believe that the stock market has reached a pivotal point. Although the U.S. Consumer Price Index settled above estimates at 3.5% for March, the year-over-year trend in inflation is down. Moreover, high-yield corporate bonds in the U