William Pulte, the new director of the Federal Housing Finance Agency, is consolidating control over Fannie Mae and Freddie Mac and questioning employees’ productivity.
Category: Federal Home Loan Mortgage Corp (Freddie Mac)
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Federal Housing Agency Braces for Deep Job Cuts
William Pulte, the new director of the Federal Housing Finance Agency, is consolidating control over Fannie Mae and Freddie Mac and questioning employees’ productivity.
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What Privatization of Fannie Mae and Freddie Mac Means
Fannie Mae and Freddie Mac were bailed out by the government during the housing crisis nearly 17 years ago. The Trump administration is considering letting them go private again.
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How to Come Up With a Down Payment on a House
With prices high, putting aside enough cash to buy a house can be daunting. But housing experts say there are assistance programs in all 50 states.
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30-Year Mortgage Rate Rises Above 7% for First Time Since May
The latest jump threatens to sideline more buyers and sellers.
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30-Year Mortgage Rate Climbs to 6.93%, the Highest Since July
Borrowing costs have been rising for months, tracking yields on government bonds. The move threatens to push more buyers and sellers to the sidelines.
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Fannie and Freddie, the Big Mortgage Backers, Face Climate Risks
Fannie Mae and Freddie Mac know increasing floods and wildfires are a problem. Dealing with them, however, would require trade-offs.
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If the Fed Is Cutting Rates, Why Are Mortgage Rates Rising?
The latest rise, to 6.79% for a 30-year mortgage, reflects bond market concern about President-elect Trump’s agenda. It extends an uptick in mortgage rates despite expected Federal Reserve rate cuts.
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30-Year Mortgage Rate Falls to 6.35%
Further declines could encourage more activity from buyers and sellers.
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30-Year Home Mortgage Rate Falls to 6.47%
The key mortgage rate had its biggest one-week decline of the year, falling to the lowest level in 15 months.
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U.S. Mortgage Rates Jump Above 7% for the First Time This Year
Rates on 30-year mortgages — the most common kind among U.S. homeowners — surpassed the 7 percent mark on Thursday, a troublesome sign for an already tight housing market.
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Inflation Comes for the Housing Market
Prices and mortgage rates are climbing as Wall Street bets that interest rates will remain higher for longer.