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The 30-year average rate got closer to 7% as central bank officials dashed near-term hopes of a cut, according to Freddie Mac.
February 22 -
The government-sponsored enterprise financed 955,000 mortgages last year, down from the 1.8 million loans it backed in 2022.
February 14 -
Fannie Mae also will be making a four-figure adjustment available next month and Freddie Mac is contemplating expanding its program to a new income tier.
February 5 -
The financial services executive also previously served in leadership at Morgan Stanley and Carver Federal Savings Bank.
January 18 -
But the decline may be close to its floor, as wide spreads compared to 10-year Treasury yields hinder how far averages could fall.
December 28 -
The company, Truv, plans to compete with existing players by offering digital employment data in a new way, according to CEO Kirill Klokov.
December 13 -
Recent economic data pushed investors toward Treasurys over the past week, driving 10-year yields to as low as 4.1%.
December 7 -
Procedural limits on condo originations aimed at preventing issues like the Surfside building collapse have frustrated lenders, who will see if this helps.
December 6 -
The 30-year average declined for the fifth consecutive week, as purchase demand picking up at the same time, according to Freddie Mac.
November 30 -
Instead of buybacks, performing loans could be subject to fees related to defect rates, with some exceptions made for small lenders that deliver a limited volume of mortgages.
November 16