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The Latest Breaking News from Freddie Mac

The big reason Florida insurance companies are failing isn't just hurricane risk – it’s fraud and lawsuits

Hurricane Ian’s widespread damage is another disaster for Florida’s already shaky insurance industry. Even though home insurance rates in Florida are nearly triple the national average, insurers have been losing money. Six have failed since January 2022. Now, insured losses from Ian are estimated to exceed US$40 billion

The Conversation

US long-term mortgage rates up for 6th week; 30-year at 6.7%

Average long-term U.S. mortgage rates rose this week for the sixth straight week, marking new highs not seen in 15 years

The Independent UK

Mortgage rates hit 6% for the first time since 2008

The average mortage rate was 2.86% a year ago, according to Freddie Mac.

Axios

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Housing Activity 'Took A Nosedive' As Mortgage Rates Hit 15-Year Highs - A Chart That Says It All

Mortgage rates are at their highest point since the Great Recession as housing affordability continues to decline, according to Freddie Mac (OTCMKTS: FMCC) data.

Benzinga

Alexis Leondis: Resist the siren song of 40-year mortgage loans

Because of rising interest rates and higher home values, the monthly mortgage payment on a typical U.S. home is 62% higher than a year ago. So, it's only natural to be looking for a way to cut costs. But if you're borrowing money to buy a home and think the…

Tribune News Service

If more than two big storms hit Florida this year, insurers could be in trouble

It's that time of year again in Florida. Peak hurricane season is bearing down on the state like that flying saucer in the movie Nope.

Tribune News Service

Commentary: Who’s to blame for the priciest housing in history?

With so much attention fixed on soaring prices for gasoline and groceries, one can almost overlook the fact that we’re also enduring an affordable housing crisis. The question is, why?

Tribune News Service

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Long-term mortgage rates under 5% for 1st time in 4 months

The average long-term U.S. mortgage rate fell below 5% for the first time in four months this week, just after the Federal Reserve jacked up its main borrowing rate in an aggressive effort to get inflation under control

The Independent UK

More home buyers are considering adjustable-rate mortgages as interest rates rise

Home buyers have had to accept that mortgage rates probably won’t drop back down to record lows anytime soon.

The Philadelphia Inquirer

‘Let's try something new’ meets the national housing squeeze

BOISE, Idaho — Riley Romazko and her fiancé Julien Rivera were among the first to buy a shipping container home at Caritas Commons, a cluster of single-family houses built for limited-income residents on a quiet street in an older Boise neighborhood.

Tribune News Service

Rents spike as big-pocketed investors buy mobile home parks

Investors are buying up mobile home parks across the country, leading to significant rent increases and complaints of neglect from residents

The Independent UK

Housing Beat: Mortgage Rates Soar Again, Non-QM Rides On, The Best And Worst Rental Markets

The renewed rise in mortgage rates, a major mortgage-backed securities deal featuring non-qualified mortgages and a cooling in rental housing prices dominated this week's housing and mortgage market news.

Benzinga

Housing Beat: Mortgage Rates Fall Again, Home Price Growth Cools, Roe V. Wade Influences Homebuyers

This week in the housing world, mortgage rates declined for the second consecutive week as home price growth slowed, the level of mortgage delinquencies remained low and the Roe v. Wade controversy permeated the homebuying process.

Benzinga

Housing Beat: Mortgage Rates Creep Down, Inventory Expands And Who Wants A Vacation Home Anymore?

The U.S. housing market closed June with a decline in mortgage rates, a bump-up in pending home sales, a growing number of available properties for sale and an evaporating enthusiasm for vacation homes.

Benzinga

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Benzinga

Housing Beat: Mortgage Rates Spike As Median Rental Housing Prices Break Records

This week in the housing and mortgage industries saw the continued rise of mortgage rates, the continued slump in existing home sales and rental housing costs reaching record-breaking highs.

Benzinga

Housing Beat: Mortgage Rates Soar While Housing Starts Drop

It was a seesaw week in the U.S. housing market, with mortgage rates taking off like a rocket while housing starts sank like a rock.

The Independent UK

Mortgage rates jump again, buyers head to the sideline

Average long-term U.S. mortgage rates jumped back up ahead of next week’s Federal Reserve meeting where it’s expected to announce another increase to its main borrowing rate

Benzinga

Housing Beat: Mortgage Rates Flatten As Sun Belt Sees New Boom In Home Building

This week in the housing market, mortgage rates were mostly flat, mortgage application volume was down and the Sun Belt is shining with new single-family home construction.

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news in one place.

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Benzinga

Housing Beat: Home Sales Drop, Homeowners Insurance Spikes, Builder Confidence Tanks

The U.S. housing market showed unmistakable signs of stalling this week. Despite a decline in mortgage rates, mortgage applications and home sales were down while the cost of homeowners insurance was rising across most of the nation.

Benzinga

Housing Beat: Mortgage Rates Dip, Home Sales Flatten, Reverse Mortgages Get New Cred

The latest news from the housing industry finds mortgage rates dipping slightly while home sales decelerate and reverse mortgages gain greater attention.

The Independent UK

Average long-term U.S. mortgage rates edge down to 5.25%

Average long-term U.S. mortgage rates retreated modestly this week, but interest on the key 30-year loan remains at decade-high levels

Benzinga

Housing Beat: Mortgage Rates Keep Climbing As Inventory Levels Slowly Expand

More homebuyers were taking out mortgages despite climbing rates while the tight housing inventory is showing signs of improving. Nonetheless, many homebuyers are not optimistic about the housing market’s near future.

Benzinga

Housing Beat: 30-Year Mortgage At 13-Year High; Major Lenders In LinkedIn Spat

The housing and mortgage world witnessed rising rates, an upswing in application levels, and public feud between two major lenders.

Benzinga

Housing Beat: Mortgage Rates Stay Elevated, Profit Margins On Home Sales Down

Mortgage rates remained on the high side this week while pending home sales continued to decline and mortgage delinquency rates also recorded downward motion.

Benzinga

Housing Beat: Mortgage Rates Break The 5% Level; Buyers Settle On Smaller Homes

The latest U.S. housing and mortgage data points to rates continuing their dizzying rise, fewer homes being sold and prospective buyers agreeing to purchase smaller properties.

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