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Fed Cuts Interest Rate by a Quarter Point
Fed Cuts Interest Rate by a Quarter Point, but Don't Expect Big Declines for Mortgages Yet
In remarks at a postmeeting press conference on Wednesday, Fed Chair Jerome Powell said that policymakers are now equally attuned to risks from both sides of the mandate, and would proceed cautiously with future rate cuts to avoid reigniting rapid inflation.
The Fed cut interest rates but mortgage costs jumped. Here's why
The 30-year fixed mortgage rate spiked to 6.72% for the week ending Dec. 19, a day after the Fed meeting, according to Freddie Mac data via the Fed. That is up from 6.60% from a week prior. "The market is just responding to the tone of the Fed's message,
After Three Weeks of Declines, Mortgage Rates Inch Up
After three weeks of consecutive declines, the national average 30-year fixed rate mortgage (FRM) rose to 6.72% as of Dec. 19, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS). That’s up from a national average of 6.
1d
on MSN
Mary Tyler Moore's $16.9 million Greenwich mansion still seeks buyer
Mary Tyler Moore’s eight-figure home in Greenwich, Connecticut is still looking for a buyer. The asking price for the late ...
18h
on MSN
Why a housing market 'thaw' never came in 2024
Wall Street analysts had hoped the housing market would show signs of life in 2024. Instead, it remained stagnant. The reason ...
HousingWire
1d
FHFA finalizes new housing goals for Fannie Mae, Freddie Mac
In a final rule, FHFA's guidance is broadly similar to proposed goals announced this past summer for Fannie Mae and Freddie ...
Bisnow
4d
Investor Sentenced To 5 Years In $55M Freddie Mac Fraud Case
Aron Puretz lied to the mortgage lender about the purchase price of assets to secure outsized loans as the head of Apex ...
3d
Freddie Mac Multifamily Apartment Investment Market Index Continues Rise in Third Quarter of 2024, Increasing Nationwide and in all Markets
Multifamily Apartment Investment Market Index® (AIMI®) rose nationwide by 5.3% quarter-over-quarter and 9.2% year-over-year, ...
National Mortgage News
3d
Fannie, Freddie recap has better odds for success today
A Congressional Budget Office report updating one from four years ago finds 60% of its 250 scenarios will result in the Treasury getting fully repaid, up from 12%.
12h
The week ahead in business
U.S. financial markets close at 1 p.m. for Christmas Eve. Most businesses and government agencies are closed for the ...
3d
Greystone Consults on $157 Million Freddie Mac Q-Deal Securitization for Cedar Rapids Bank and Trust
Greystone, a leading national commercial real estate finance company, announced it has assisted Cedar Rapids Bank and Trust ...
2d
on MSN
Average rate on 30-year mortgage snaps 3-week slide and rises to highest level since late November
The average rate on a 30-year mortgage is now the highest it’s been since Nov. 27, when it was at 6.81%.
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