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U.S. Mortgage Rates Continue to Rise, Again
Based on Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 6.44 percent as of October 17, 2024.
Why mortgage rates are going up despite the Fed's interest rate cut
Mortgage rates are increasing in recent weeks despite the Federal Reserve's decision to cut interest rates last month for the first time in four years.
Average rate on a 30-year mortgage in the US rises to the highest level in 8 weeks
The average rate on a 30-year mortgage in the U.S. rose for the third week in a row, reaching its highest level in eight weeks. The rate rose to 6.44% from 6.32% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 7.63%.
Why the Fed Cut Rates and Mortgage Rates Jumped
On September 18, the Federal Reserve kicked off the cutting cycle by reducing overnight rates by 50 basis points. Since then, mortgage rates have gone higher. This is not obviously an intuitive thing to happen.
Why are mortgage rates rising after Fed cut interest rates last month?
The Fed announced first rate cut in a long time last month, but the mortgage rates have continued to rise. Why is this? Here's why.
6d
on MSN
Freddie Mac sells ~$13.9M worth of non-performing loans
Freddie Mac (OTCQB:FMCC) said on Wednesday that the secondary mortgage services provider sold ~$13.9M worth of non-performing ...
13d
Freddie Mac opens up to Meridian again — but with a catch
Ralph Herzka’s firm can broker deals that pass through the government-sponsored enterprise, but there are strings attached.
13d
on MSN
Freddie Mac to End Blacklist of Real-Estate Broker
Freddie Mac is set to end its blacklist of Meridian Capital Group after the real-estate broker overhauled its risk and ...
Bisnow
12d
Freddie Mac To Lift Blacklist On Meridian Capital Group, Add New Guardrails
Brooks, a former financial regulator, was hired as CEO in March, replacing the firm’s founder, Ralph Herzka. The brokerage ...
Commercial Observer
13d
Freddie Mac Lifts Agency Dealmaking Ban on Meridian Capital Group
CEO Brian P. Brooks announced in a company memo that the brokerage can place deals through Freddie Mac beginning in January ...
13d
Mortgage Broker Meridian Will Be Freed From Freddie Mac Ban
Mortgage broker Meridian Capital Group will be freed from a Freddie Mac ban months after Freddie stopped buying loans handled ...
6d
Freddie Mac Sells $13.9 Million in Non-Performing Loans
Freddie Mac (OTCQB: FMCC) today announced it sold via auction 57 deeply delinquent non-performing residential first lien loans (NPLs) from its mortgage-related investments portfolio to Residential ...
13d
Average US 30-year mortgage rate surges to 6.32%, adding pressure to buyers facing high home prices
The average rate on a 30-year mortgage in the U.S. surged to 6.32% this week, adding pressure on home buyers facing sky-high ...
12d
US 30-year mortgage rises to 6.32%, biggest weekly gain since April, Freddie Mac says
The average rate on the popular U.S. 30-year mortgage rate increased to 6.32% this week, its largest one week increase since ...
Mises Institute
5d
A European Fannie/Freddie?
Two government mortgage companies, Fannie Mae and Freddie Mac, were central to making US house prices widely unaffordable.
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