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A collection of news and information related to Freddie Mac published by this site and its partners.
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Stronger economy causes mortgage rate increase
If you're in the market to buy a home, you may not want to drag your feet. Those record low fixed mortgage rates aren't so low anymore. The federal reserve bought billions of dollars in bonds and securities to boost the housing market, which allowed...
Tags: Economy, Business and Finance, Finance, Services and Shopping, Money and Monetary Policy, Financial and Business Services
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Consumer Sentiment in U.S. Fell in June From Six-Year High
Consumer confidence in June eased from a six-year high as progress in the labor market supported Americans' views of the economic outlook. The Thomson Reuters/University of Michigan preliminary index of consumer sentiment declined to 82.7 in June from...Tags: Consumer Confidence, Finance, Money and Monetary Policy, Thomson Corporation, Federal Reserve
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Refinancing into shorter mortgages appears to grow more popular
WASHINGTON — The refinancing boom may be cooling down, but the move to shorter mortgages — especially 10-year loans among pre-retirees — appears to be accelerating. Some community banks say 10-year mortgages, once an insignificant...Tags: Finance, Money and Monetary Policy, Federal Reserve, Mortgages, Economy, Business and Finance
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Housing market needs private capital
Illinois is experiencing a fragile housing recovery, as growing optimism among potential homebuyers has led to a 20 percent growth in purchases this year. But while we’re on our way toward recovery, some disturbing trends highlight the need for...Tags: Economy, Business and Finance, Finance, Fannie Mae, Services and Shopping, Consumers
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Home prices in Cook County show uptick
Home values in Illinois' most populous county are improving, but the gains may be smaller than would-be sellers are expecting. First-quarter prices of single-family homes in Cook County increased 3.5 percent from 2012's first quarter and rose 3.2...
Tags: Services and Shopping, Prices, Religion and Belief, Real Estate Buyers, Property
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Mortgage rates rise again, now more than 1/2 point higher
Sun SentinelInterest rates on average 30-year fixed loans rose for the sixth week in a row and is now just shy of 4 percent as loans are at their highest in more than a year, Freddie Mac said Thursday. The average 30-year fixed mortgage rate was at 3.98 percent...Tags: Financial and Business Services, Mortgages
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6-week rise sends mortgage rates near 4%
Tribune reporterThe average interest rate on a 30-year, fixed-rate mortgage loan moved ever closer to the 4 percent mark, posting the sixth consecutive weekly increase in that popular mortgage product. Freddie Mac reported Thursday the average rate was 3.98 percent this...Tags: Federal Reserve, Mortgages
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Freddie Mac: 30-year mortgage rate rises to 3.98%, 14-month high
Are 30-year fixed-rate mortgages with interest rates beginning with a “3” soon to become something found only in the history books? That prospect appeared more likely Thursday, as Freddie Mac reported that the average rate that lenders...
Tags: Federal Reserve, Credit Ratings, Mortgages
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Citizens' $52M takeout deal triggers Heritage rating review
Citizens Property Insurance Corp.'s controversial new takeout deal that will send as many as 60,000 policies and up to $52 million to Heritage Property and Casualty Co. has triggered a review of the St. Petersburg-based private company's financial rating....Tags: Finance, Insurance, Mortgages, Economy, Business and Finance, Politics
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Mortgage rates hit highest levels in a year
Tribune staff reporterIt's getting more expensive to finance a home purchase or refinance an existing mortgage. The average interest rate on a 30-year, fixed-rate mortgage climbed to 3.81 percent this week, the highest it's been in a year and up nearly half a percentage...Tags: Economy, Business and Finance, Finance, Mortgages
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Mortgage rates hit yet another high
Tribune reporterMortgage rates no longer are uber-low. The average rate on a 30-year, fixed-rate mortgage this week was 3.91 percent, the highest it's been since April 5, 2012 when the average rate was 3.98 percent. Freddie Mac also reported today that the average rate...Tags: Economy, Business and Finance, Finance, Federal Reserve, Money and Monetary Policy, Financial and Business Services
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FHA could stop charging extra interest on mortgage payoffs
WASHINGTON — Pressured by consumer protection regulators, the Federal Housing Administration is expected to end one of its most controversial practices: charging borrowers interest on their home mortgages for weeks after they've paid off the...
Tags: Finance, Services and Shopping, Loans, U.S. Consumer Financial Protection Bureau, Mortgages
Jun 16, 2013
|Story| WSBT-TV
Jun 14, 2013
|Story| Allentown Morning Call
Jun 14, 2013
|Story| Los Angeles Times
Jun 11, 2013
|Story| Chicago Tribune
Jun 13, 2013
|Story| Chicago Tribune
Jun 13, 2013
|Story| South Florida Sun-Sentinel
Jun 13, 2013
|Story| Chicago Tribune
Jun 13, 2013
|Story| Los Angeles Times
Jun 12, 2013
|Story| South Florida Sun-Sentinel
May 30, 2013
|Story| Chicago Tribune
Jun 6, 2013
|Story| Chicago Tribune
Jun 7, 2013
|Story| Los Angeles Times
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