FMCC / Mortgage rates continue to climb toward 8%, home purchases now at 'virtual standstill': Freddie Mac

MCLEAN, Va., Oct. 31, 2023 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB:FMCC) announced today that it plans to report its Third Quarter 2023 financial resul more_horizontal

The average interest rate for a 30-year fixed-rate mortgage rose to 7.79% this week, continuing an upward trend that is putting further pressure on th more_horizontal

U.S. homes may be wildly unaffordable for first-time buyers, but mortgage bonds backed by those same properties could be dirt cheap. more_horizontal

Fannie Mae, or the Federal National Mortgage Association, got a boost when shareholders prevailed in a lawsuit. A federal grand jury awarded sharehold more_horizontal

The combined costs of a new 30-year fixed rate mortgage and a gallon of gasoline recently surged to the highest in more than two decades, according to more_horizontal

Ratings agency Fitch on Wednesday downgraded U.S. mortgage finance giants Fannie Mae and Freddie Mac Long-Term Issuer Default Ratings (IDR) and senior more_horizontal

Most U.S. home loans end up in the nearly $9 trillion market for residential mortgage bonds with government backing, a critical corner of housing fina more_horizontal

MCLEAN, Va., Aug. 01, 2023 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB:FMCC) announced today that it plans to report its Second Quarter 2023 financial resu more_horizontal