Mortgage, Fed rate
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With Trump’s tax overhaul now in the rearview mirror, a potential Freddie and Fannie conservatorship release could move up the docket.
Mortgage rates today are steady, but loan demand fell 10% after recent rate increases. See what’s driving today’s trends.
A growing number of homeowners say no rate would make them sell, making it even harder for buyers to find homes.
Whether you're buying a new home or considering mortgage refinancing, the main question is the same right now: When will rates drop? The interest rate environment has remained elevated across various lending products,
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The Dispatch on MSNReprivatizing Fannie Mae and Freddie Mac, ExplainedSince 2012, almost all Fannie Mae and Freddie Mac’s profits have gone to the Treasury, more than repaying the cost of the bailout. Under conservatorship Fannie Mae and Freddie Mac have contributed slightly more than $ 300 billion to the Treasury.
Fannie Mae and Freddie Mac are adopting a more pro-business approach when it comes to closing multifamily loans in 2025 than in recent years, when sources say they were more selective. The two government-sponsored enterprises (GSEs) combined to produce 33 percent more multifamily loans in first-quarter 2025 compared with first-quarter 2024.
The 30-year fixed mortgage rate rose for the first time in six weeks, driven by Friday's strong jobs report and renewed uncertainty around tariffs.
The average rate on the 30-year fixed mortgage fell this week to 6.67%, according to the latest Freddie Mac data released on Thursday. That is down from last week's reading of 6.77%.
Graham said rates started headed up in anticipation of Thursday’s job report. The better-than-expected addition of 147,000 jobs in June drove the nation’s unemployment rate down and made a case for the Federal Reserve to not lower interest rates. If unemployment had increased, “the Fed would be cutting rates ,” Graham posted Thursday.
Effective immediately, Fannie and Freddie will allow mortgage lenders to use VantageScore credit ratings to assess creditworthiness.