Freddie Mac

FHFA Announces Conforming Loan Limits for Fannie and Freddie Mortgages

December 1st, 2021
The Federal Housing Finance Agency (FHFA) has announced the conforming loan limits (CLLs) for any mortgages acquired by Fannie Mae and Freddie Mac in 2022. Throughout most of the U.S., the 2022 CLL for one-unit properties will be $647,200—up $98,950...

Increased Buyer Urgency Expected Amid Rising Mortgage Rates

January 10th, 2022
Despite various forecasts surrounding mortgage rates, the bottom line is that they are bound to tick up this year, leaving many wondering what this could mean for the housing market. “Higher mortgage rates are one reason why we will move...

Mortgage Rates Surge to Highest Level in 3 Years

March 24th, 2022
This week, the 30-year fixed-rate mortgage average increased from 4.16% last week to 4.42% this week–the highest level its reached since January of 2019, according to Freddie Mac’s Prime Mortgage Market Survey (PMMS), released Thursday. Mortgage rates across all loan...

Finally, a Pause in Mortgage Rate Hikes

June 30th, 2022
After several sharp spikes and nearly doubling over the last year, mortgage rates took a breather this week, decreasing from 5.81% the previous week to 5.7% this week, according to the latest Primary Mortgage Market Survey (PMMS) from Freddie Mac,...
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