MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.Ĭopyright (c) 2023 Dow Jones & Company, Inc. This content was created by MarketWatch, which is operated by Dow Jones & Co. ![]() What Freddie Mac said: "Mortgage rates have hovered in the six to seven percent range for over six months and, despite affordability headwinds, homebuyers have adjusted and driven new home sales to its highest level in more than a year," Sam Khater, chief economist at Freddie Mac, said in a statement. Separate data by Mortgage News Daily said that the 30-year fixed-rate mortgage was averaging at 6.91% as of Thursday afternoon. The 15-year was at 4.83% a year ago.įreddie Mac's weekly report on mortgage rates is based on thousands of applications received from lenders across the country that are submitted to Freddie Mac when a borrower applies for a mortgage. The average rate on the 15-year mortgage rose to 6.06% from 6.03% last week. Student Housing interface student housing conference chicago holliday fenoglio fowler mutual omaha bank freddie mac fannie mae landmark properties capital. Last year, the 30-year was averaging 5.7% That's up 4 basis points from the previous week - one basis point is equal to one hundredth of a percentage point. He’s also involved in the analysis of policy issues affecting the housing industry. The 30-year fixed-rate mortgage averaged 6.71% as of June 29, according to data released by Freddie Mac on Thursday. DEPUTY CHIEF ECONOMIST Leonard Kiefer is deputy chief economist, responsible for primary and secondary mortgage market analysis and research, macroeconomic analysis, and forecasting. ![]() Home buyers are more challenged by the lack of inventory, as homeowners hold out on selling houses, leading to a drop in existing-home sales in May. The numbers: Mortgage rates inched up, but they're not likely to impact home-buying demand significantly as buyers have adjusted to the new normal of 7%. #OurAmericanHome natlhousingconf davidmdworkinĪbout NHC : The National Housing Conference is a diverse continuum of affordable housing stakeholders that convene and collaborate through dialogue, advocacy, research, and education, to develop equitable solutions that serve our common interest.Mortgage rates inch up slightly but buyers are more concerned about lack of inventory The National Housing Conference has been defending our American Home since 1931. Since its founding in 1970, Freddie Mac has made home possible for over 80 million homebuyers. Mike Dawson is the Vice President of Affordable Lending at Freddie Mac, the 15B secondary mortgage market giant representing over 2 trillion in assets. FHFA should require Fannie Mae and Freddie Mac to publicly disclose the volume of individual loans by race, as well as income, and report on past performance under the new goals from 2018-2021. One partner we are always excited to see at our Reaching Millions Conference is Mike Dawson. They are also well within historic risk levels to ensure the Enterprises operate safely and soundly while protecting homebuyers from taking irresponsible risks.įor any goal to accurately assess performance, it must establish historic benchmarks. Learn how to work with us with our Guide Bulletins and Industry Letters. Insights, products, and technology to help you grow your business. ![]() They will significantly improve the impact Fannie Mae and Freddie Mac have on home mortgage lenders’ ability to increase homeownership opportunities to historically underserved communities. Freddie Mac Home View sites for Single-Family Division Single-Family Division. FHFA’s new housing goals for Fannie Mae and Freddie Mac are an important step towards increasing liquidity of the affordable housing mortgage market.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |