Trump May Privatize Fannie Mae and Freddie Mac. What It Means for Shareholders and Homeowners.
Fannie and Freddie play crucial roles in the housing market—setting lending standards for home loans and owning or guaranteeing around half of all r
Veteran fund manager makes bold prediction about Fannie Mae, Freddie Mac
In the aftermath of the housing market bubble, the federal government placed Fannie Mae and Freddie Mac under a financial conservatorship to help the housing market recover. Some
Mortgage rates climb above 7% to highest level since May
Mortgage rates topped 7% this week, a key psychological threshold, in a sign of the US housing market’s unrelenting affordability challenges.
Mortgage Rates Hold at Highest Level Since May
After climbing to their most expensive level in more than seven months, 30-year mortgage rates held steady Tuesday. Rate movement was mixed for other loan types.
Average mortgage rate reaches 7% for first time since May
The average 30-year fixed rate rose to 7.04% for the week ending Thursday, according to mortgage giant Freddie Mac. The average has now climbed for five straight weeks, and this week marks the first time since May the it has climbed above 7%. Last week, the average was 6.93%. Three years ago at this time, the average stood at 3.45%.
Mortgage rates top 7%, soar to highest level since May in latest blow to homebuyers
The average rate on a 30-year fixed mortgage reached 7.04% for the week ending January 16 — the highest level since May.
Mortgage rates climb above 7%; what does that mean for housing market?
Higher interest rates add to problems with affordability that have hammered the housing market for the last two years. Prices have continued to climb despite slower sales volume, posting 17
Rate on 30-year mortgage slips past 7%. Here’s what that does to your buying power.
The elevated mortgage rates have discouraged home shoppers, prolonging a national home sales slump that began in 2022.
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Fed cuts were supposed to lower mortgage rates, but they're back above 7%. Here's why
It's the first time since May 2024 that 30-year mortgage rates have hit that mark. High rates are adding to the affordability challenges many Americans are facing.
‘Bad news’ for homebuyers: Mortgage rates hit 8-month high
The interest rate on average fixed-rate 30-year home loan is more than 7%, the first time mortgage rates have been that high since May
Inflation Rises for the Third Straight Month in Troubling Sign for Mortgage Rates
Annual inflation has risen again for the third straight month, in a troubling sign for mortgage rates that are already creeping close to 7%. Overall prices rose 2.9% in December 2024 from a year earlier, higher than the 2.7% pace recorded in November, according to the Labor Department's consumer price index (CPI) data released Wednesday.
Kentucky housing market slows as mortgage rates climb above 7%
KENTUCKY, USA — The Kentucky housing market is slowing down as mortgage rates topped 7% this week. On Thursday, the Kentucky Association of REALTORS (KYR) released the latest housing market data for December 2024, revealing difficulties in the landscape.