Mortgage rates drop nearly 10 basis points due to market imbalances, according to the latest Primary Mortgage Market Survey from Freddie Mac on Thursday
Mortgage Bankers Association says lenders have been gearing up for changes, and new standards will actually increase access to credit
After 7 weeks of consecutive increases in mortgage rates, Freddie Mac's most recent survey shows a decrease, giving borrowers the chance to refinance
The Housing Trust Fund is funded by a fee on Fannie Mae and Freddie Mac and devoted to affordable housing for low- and extremely low-income households
But Fannie Mae and Freddie Mac continue to extend options to avoid in-person appraisals
Upward pressure on rates still expected in the long term
The number of mortgages in forbearance dropped below 5% first time since the start of the pandemic
The average for a 30-year, fixed-rate mortgage hit 3.17% this week, the highest level since June 2020, according to data released Thursday by Freddie Mac
Self-employment has advantages, notably the home office deduction and eliminating commute time. Getting a mortgage, however, is not one of them. Here are a few tips that address the newly stiffened requirements for approval
After falling to historic lows last year, rates have climbed back over 3% but still remain lower than last year's levels
The Prudential Financial vet served on Freddie Mac's board of directors for about a year before being named the company's interim chief executive officer
The overall decline of mortgage loans in forbearance was led by Ginnie Mae loans, which dropped by 7 basis points from the previous week to 7.28% of loans in forbearance
Rocket Companies and LoanDepot briefly followed the trajectory of GameStop this month, seeing share prices spike simply because jokey online traders targeted their shares
Rates have been rising since January, though one economist expects further increases to be 'more muted' in the coming months
Only 1 state in the US was found to offer lower interest rates to women than men, on average, for a 30-year, fixed-rate mortgage, according to mortgage tech company Own Up