The Latest Breaking News from Freddie Mac

Mortgage rates hit 5%, highest in more than a decade

It's going to be hard for first-time buyers to afford a house.

Axios · Apr 14, 2022

Housing Beat: Mortgage Rates Keep Climbing; Disney's Affordable Housing Project

Mortgage rates are continuing their upward motion while potential homebuyers and sellers face a shifting housing market and the affordable housing sector welcomes a well-known new participant.

Benzinga · Apr 7, 2022

Mortgage interest rates are rising. If you’re looking at adjustable-rate loans, know the risks

A few years after risky mortgages and related investments led to a global financial collapse, the Federal Reserve put out a handbook to help consumers make smarter choices about their home loan options. The focus was on adjustable-rate mortgages, whose exotic variants were among the prime culprits in the meltdown.

Los Angeles Times · Apr 7, 2022

Housing Market Seesaw: Mortgage Rates Soar While Housing Starts Drop

Mortgage rates have spiked as a result of rising inflation and stronger than expected consumer spending, according to new data released by Freddie Mac (OTCQB: FMCC). While mortgage rates were on the rise, housing starts were in decline, based on the latest federal data.

Benzinga · Feb 17, 2022

Florida condo collapse drives Fannie Mae to toughen loan standards on older buildings

Buying a condo in an older South Florida high-rise? For people who want to finance their deal, it’ll be getting tougher to take out a loan backed by Fannie Mae or Freddie Mac, the government-sponsored enterprises that make mortgages available to low- to moderate-income borrowers.

Tribune News Service · Jan 20, 2022