Tag Archives: Freddie Mac

Following a near-month-long 72-basis point rise, fixed-rate mortgages turned downward this week, signaling a potential reset in the housing market.

As fixed-rate mortgages crawl to the 6%-mark, mortgage application volume did rise slightly for the third consecutive week, but refinance volume trended in the opposite direction, falling 80% year-over-year.

Don Layton, former CEO of Freddie Mac and current Senior Industry Pellow at the Joint Center for Housing Studies, lays out four benchmarks against which to grade the GSEs as their plans are implemented.

Sales of new single‐family homes in May rose to 696,000, a 10.7% month-over-month rise of April’s recorded total of 629,000.

After a few weeks of decline, Freddie Mac reports mortgage rates hit a mark last seen in November 2008, having increased by more than two full percentage points since the beginning of 2022.

Hitting the highest rate recorded in 15 years, housing completions rose in May, a sign that construction bottlenecks may be easing.

Orest Tomaselli of CondoTek explains how sweeping changes by the GSEs as a result of the Champlain Towers tragedy have altered how lenders evaluate borrowers seeking condo and co-op properties.

Freddie Mac reported that mortgage rates experienced the largest one-week spike since gauging the metric in 1987—nearly doubling year-over-year.

Tai Christensen, DEI Officer of CBC Mortgage Agency, discusses how bias in the home valuation process impacts prospective homebuyers in communities of color.

After nearly a month of declines in mortgage application volume, the MBA reported that apps rose 6.6% week-over-week, as the industry braces itself for the latest rate hike by the Fed.