Freddie Mac

The latest Federal Reserve move to combat inflation led to a weekly increase of more than 50 basis points.

A positive employment report, robust consumer spending and Fed comments on inflation counter measures drove rates upward.

No cause of death was provided for the longtime industry figure, who before joining CoreLogic in 2015 was at Freddie Mac for 28 years, including 13 as its chief economist.

With anticipated Federal Reserve moves already factored in, inflation and jobs data could play a bigger role in driving movement over the near term.

The 30-year average decreased for the second week in a row but still is almost 2% higher than its year-end 2021 level.

Current volatility has contributed to slowdowns across the industry, with further reduced originations now predicted for the year.

But growing worries about a possible recession may also end up playing a role in their direction over the coming weeks.

The moves were widely anticipated, with the markets already pricing them in, as the central bank attempts to get the upper hand on record-setting inflation.

The 30-year average has risen by more than a full percentage point in a little over a month.

Further upward pressure is likely this spring, as markets prepare for expected reduction of bond purchases by the Fed.

The 30-year average passed the 4.5% mark for the first time since January 2019 as the labor market tightened and prices rose.

Current deputy general counsel Wendell Chambliss steps up to the newly created officer position, with the appointment coming after a similar recent hire by Fannie Mae.

In addition to the Russia-Ukraine conflict, persistent inflationary pressures and expected monetary policy moves are contributing to volatility.

The effect of the conflict and upcoming Fed announcements have left much of the industry guessing about what happens next.

These standalone properties make up nearly half of all rental units and the financing of them by Fannie Mae and Freddie Mac should reflected in the Federal Housing Finance Agency's affordable housing goal calculations, writes Manchester.

Fannie Mae and Freddie Mac have used the classic FICO score since 2003.

Its modifications aim to help two government-sponsored mortgage investors manage risk and rebuild capital while retaining enough flexibility to fulfill their affordable housing missions, said the Federal Housing Finance Agency’s acting director, Sandra Thompson.

Strong economic data was countered by international political developments, sending the 30-year rate lower for the first time in a month.

The 30-year average increased by 23 basis points on inflation, geopolitical news.

Heidi Mason takes over as head attorney of the government-sponsored enterprise from Jerry Weiss, who had been in the position on an interim basis.