Tag Archives: freddie mac

After buying frenzy, demand for second homes comes down to earth

By Daniel Houston | June 10, 2021 - 7:16 pm |June 10, 2021 Uncategorized

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New lending restrictions and buyer preferences meant slower growth last month in mortgages for vacation homes and investment properties. Continue reading →

Mortgage rates stable heading into next week’s Fed meeting

By Matt Carter | June 10, 2021 - 5:09 pm |June 10, 2021 Uncategorized

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New inflation numbers and tapering of the Fed’s mortgage bond purchases are likely to be on the agenda when the Fed meets next week. Continue reading →

Fannie, Freddie filling openings left by departures of top executives

By Matt Carter | June 1, 2021 - 1:37 pm |June 1, 2021 Uncategorized

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The mortgage giants are continuing to fill openings left by top executives who departed in the wake of the November elections, which sidetracked plans to privatize the companies. Continue reading →

Mortgage rates retreat from 3% threshold

By Matt Carter | May 27, 2021 - 6:45 pm |May 27, 2021 Uncategorized

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Mortgage rates retreated this week, even as support builds at the Federal Reserve to begin discussions on when to taper bond purchases that have kept a lid on long-term interest rates. Continue reading →

Mortgage rates settle in, hovering around 3%

By Matt Carter | May 20, 2021 - 5:31 pm |May 20, 2021 Uncategorized

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So far, bond markets are taking the prospect of Fed tapering of monthly purchases of $40B in mortgage-backed securities and $80B in Treasuries in stride Continue reading →

Black Knight acquires analytics firm eMBS Inc.

By Matt Carter | May 17, 2021 - 9:09 pm |May 17, 2021 Uncategorized

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Real estate data provider Black Knight has acquired eMBS Inc., a Tampa-based company that tracks the performance of nearly $7.5 trillion in mortgage-backed securities backed by Fannie Mae, Freddie Mac and Ginnie Mae. Continue reading →

Fannie, Freddie must curb appetite as demand for second homes soars

By Matt Carter | May 10, 2021 - 8:10 pm |May 10, 2021 Uncategorized

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Demand for second homes and investment properties continues to hold steady at more than double pre-pandemic levels, despite Fannie and Freddie being ordered to limit their appetite for loans backed by these types of properties. Continue reading →

Mortgage rates stay under 3 percent for third week in a row

By Matt Carter | May 6, 2021 - 6:29 pm |May 6, 2021 Uncategorized

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Rates on 30-year fixed-rate mortgage stayed beneath 3 percent for the third week in a row, welcome news for would be-homebuyers and homeowners who haven’t refinanced their mortgages yet. Continue reading →

Low interest rates drive Freddie Mac new business up 162%

By Kelsey Ramírez | April 29, 2021 - 3:35 pm |April 29, 2021 Uncategorized

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Freddie Mac reported a surge in new business, increasing it’s earnings to $2.8 billion in the first quarter, up from just $200 million last year. Continue reading →

Mortgage rates hold steady below 3%

By Kelsey Ramírez | April 29, 2021 - 2:07 pm |April 29, 2021 Uncategorized

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The 30-year fixed-rate mortgage averaged 2.98 percent, up slightly from last week’s 2.97 percent, according to Freddie Mac’s Primary Mortgage Market Survey. Continue reading →