The Latest Breaking News from Freddie Mac

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

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

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?

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

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

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.

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

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.

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.