Mortgage rates dip moderately in first week of the new year

The slight 4 basis-point dip, from 3.99 percent to 3.95 percent for the week ending Jan. 4, mirrors a similar downward tick for 15-year fixed-rate mortgages …

Freddie Mac unveils plan to fix affordable housing shortage

The Federal Home Loan Mortgage Corporation, otherwise known as Freddie Mac, announced on Monday a three-pronged plan to buoy affordable housing amidst historically low inventory nationwide. The government-sponsored entity’s three-year “Duty to Serve” plan, spearheaded in May and approved by …

Maximum Loan Limits Increase on Fannie, Freddie Mortgages

The maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac will increase to $453,100 for most markets in 2018, the Federal Housing Finance Agency (FHFA) recently announced. The increase in the baseline loan limit, mandated by the Housing and Economic Recovery Act (HERA), is in response to rising values. The maximum […]

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Mortgage Rates Inch Lower

Mortgage rates moved lower this week, with the 30-year, fixed rate averaging 3.90 percent, a decrease from 3.92 percent the week prior, according to Freddie Mac’s recently released Primary Mortgage Market Survey® (PMMS®). The 15-year, fixed rate averaged 3.30 percent, down from 3.32 percent the week prior, while the five-year, Treasury-indexed hybrid adjustable rate averaged […]

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Freddie Mac to invest $500M in Low-Income Housing Tax Credit market

Freddie Mac today announced its re-entry into the Low-Income Housing Tax Credit (LIHTC) market as part of the newly launched Duty To Serve program, an initiative geared toward addressing persistent affordable housing problems by preventing foreclosures…

FHFA: Home Prices Rose in August

Home prices rose 0.7 percent month-over-month in August 2017, according to the Federal Housing Finance Agency’s (FHFA) recently released House Price Index (HPI). The HPI year-over-year—based on prices for homes with Fannie Mae- or Freddie Mac-backed mortgages—was up 6.6 percent. Per the Index, month-over-month home price changes range from -0.1 percent in the New England […]

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Hurricane season takes toll on over 270,000 homes, report finds

This year’s brutal Atlantic hurricane season is being recorded as one of the top 10 most active of all time. In documenting the aftermath, a new report from mortgage-lender Freddie Mac assesses the total damage …

Crowdfunding Your Way Into a Home

Editor’s Note: This was originally published on RISMedia’s blog, Housecall. See what else is cookin’ now at blog.rismedia.com: Great Spaces: Living Luxe in Beautiful Bradenton Survey: Broker Operations and Technology Relaxation Awaits: 2018 Best Places to Retire Crowdfunding has appeared in the real estate industry in a variety of forms: house flip investing, mortgage payoff […]

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‘Inelastic’ Inventory: It’s Fate

Affordability is a complex web. Home prices, incomes and mortgage rates all factor in. Land use limitations also play a role—but not as large and unchanging a role as location overall, according to a recent analysis by Freddie Mac. Home builders are burdened by compliance costs related to land use and zoning—expenditures that, over the […]

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Fed Decision: Mortgage Rates Unmoved

The Federal Reserve’s recent decision to not raise the key interest rate left mortgage rates unmoved this week, with the 30-year, fixed rate averaging 3.83 percent this week, the same as the week prior, according to Freddie Mac’s recently released Primary Mortgage Market Survey® (PMMS®). The 15-year, fixed rate averaged 3.13 percent, also the same […]

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