Freddie Mac

Corcoran Announces Entry Into Puerto Rico

December 10th, 2021
Corcoran Group, LLC has announced the continuation of its global expansion by welcoming its newest affiliate and entrance into Puerto Rico with the launch of Corcoran Puerto Rico. The announcement made by Pamela Liebman, President and CEO of The Corcoran...

Mortgage Rates Spike to Highest Level Since March 2020

January 13th, 2022
Elevated inflation and the concerns over how federal officials intend to address it led to a significant surge in mortgage rates across the board, according to recent reports from Freddie Mac. According to the agency’s Primary Mortgage Market Survey® (PMMS®),...

Freddie Mac: Mortgage Relief Options Available for Those Affected by Tornado Outbreaks

December 15th, 2021
Freddie Mac recently reminded homeowners and mortgage servicers of its immediate disaster relief options for those affected by the outbreak of tornadoes in Kentucky and the surrounding areas. “We encourage everyone to make their safety the priority,” said Bill Maguire,...

Share of Mortgage Loans in Forbearance Decreases to 1.41% in December

January 20th, 2022
The Mortgage Bankers Association’s (MBA) new monthly Loan Monitoring Survey release this week revealed that the total number of loans now in forbearance decreased by 26 basis points from 1.67% of servicers’ portfolio volume in the prior month to 1.41%...

Forget COVID: Fed Pivots to Focus on Inflation Concerns

December 17th, 2021
The Federal Reserve is queuing up to make more aggressive moves in the coming years, a departure from the easing-in strategy it implemented amid the pandemic to incentivize economic recovery. While Fed officials voted to hold rates near zero on...

Mortgage Rates Rise to Highest Level Since Onset of Pandemic

January 20th, 2022
Mortgage rates continued their upward trajectory for the fourth straight week, rising to their highest level since the beginning of the pandemic, according to this week’s report from Freddie Mac. According to the agency’s Primary Mortgage Market Survey® (PMMS), the...

Mortgage Rates Reach Peak High Since April

October 18th, 2021
The 30-year fixed-rate mortgage (FRM) averaged 3.05%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac. This marks a peak in rates not seen since April. Mortgage details: – 30-year fixed-rate mortgage averaged 3.05% with an average...

Mortgage Rates Inch Up Following Fed Policy Changes

December 17th, 2021
The 30-year fixed-rate mortgage (FRM) averaged 3.12% for the week ending Dec. 16, according to Freddie Mac’s latest Primary Mortgage Market Survey®. Mortgage rate details: The 30-year fixed-rate mortgage averaged 3.12% with an average 0.6 point, up from last week when...

Mortgage Rates Remain Flat

January 27th, 2022
After a month of rising mortgage rate increases, this week’s data shows a flattening, according to Freddie Mac’s Primary Mortgage Survey. The rate increases have not significantly impacted demand in the real estate market, although gradual increases are expected to...

New FHFA Program Revisions to Promote Housing Sustainability

October 19th, 2021
The Federal Housing Finance Agency (FHFA) recently stated it is expanding eligibility for Fannie and Freddie’s Refinance programs for low- and moderate-income borrowers, as well as restoring the desktop appraisal flexibility. “Expanding eligibility for low- and moderate-income families to refinance...
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