Freddie Mac

The 30-year average has declined by 55 basis points in two weeks.

The decline was driven by a $307M provision to cover potential credit losses, primarily from its single-family business.

Investors had largely factored in an anticipated increase in the federal funds rate, but latest GDP numbers could result in more volatility.

Dennis Hermonstyne, a legal and regulatory expert, previously held roles with E-Trade and the Federal Reserve System.

The current 30-year rate is now nearly double its average from a year ago.

Following their largest drop in over a decade one week ago, averages rapidly swung upward as recession talk receded.

The 30-year average has made a steep reversal over the past two weeks following a large acceleration in mid-June.

Congressional authorization for credit-preference programs in the Equal Credit Opportunity Act could mitigate disagreements that might arise from the equitable housing finance plans, write two partners at K&L Gates.

The 30-year average dropped for the first time in four weeks after surging more than 70 basis points earlier in the month.

The move builds on the government-sponsored enterprise’s previous program that facilitated the collection of more rent payment records from tenants who work with its multifamily borrowers.