Tag Archives: Freddie Mac

Per Freddie Mac’s Primary Mortgage Market Survey, the 30-year fixed rate mortgage (FRM) this week averaged a rate of 4.27 percent (0.7 point), down from 4.34 percent last week. A year ago, the 30-year FRM sat at 3.41 percent. At the same time, the 15-year FRM averaged 3.33 percent (0.6 point), down from an average 3.38 percent.

Good news for homebuyers—Freddie Mac reported the 30-year fixed-rate mortgage (FRM) averaging a rate of 4.34 percent (0.7 point) for the week ending April 10, a decline from 4.41 percent last week. A year ago at this time, the 30-year fixed was down nearly a full percentage point: 3.43 percent.

Freddie Mac commented Wednesday that its' full menu of mortgage relief policies are available for borrowers who are affected by disasters in the state of Washington from recent flooding and landslides. The company said, "Freddie Mac's disaster relief policies enable servicers to help borrowers with homes in presidentially declared Major Disaster Areas where federal Individual Assistance programs are being made available."

Freddie Mac has selected Clear Capital to power its collateral review of appraisals submitted through the Uniform Collateral Data Portal (UCDP). Clear Capital will provide the government-sponsored enterprise (GSE) with in-depth feedback regarding the quality and accuracy of appraisals.

A slow week for economic news led to relative flatness in mortgage rates to kick off April. Freddie Mac’s Primary Mortgage Market Survey revealed the average rate on a 30-year fixed-rate mortgage (FRM) came up to 4.41 percent (0.7 point) for the week ending April 3—a minor increase from 4.40 percent last week.

In a press release issued Wednesday by the Federal Housing Finance Agency (FHFA), the FHFA reported that Fannie Mae and Freddie Mac have completed 3.1 million foreclosure prevention actions since the two companies came under the government’s conservatorship in 2008.

The FHFA reported mortgage rates for occupied homes was 4.30 percent for loans closed in late February, a decline of 0.07 percent. The interest rate survey also showed the average rate on a conventional, 30-year fixed-rate mortgage was 4.45 percent, a drop of 22 basis points from January.

In its weekly Primary Mortgage Market Survey, Freddie Mac reported an increase of 8 basis points in the 30-year fixed average rate, bringing up to 4.40 percent (0.6 point) for the week ending March 27. A year ago at this time, the 30-year fixed-rate mortgage (FRM) averaged 3.57 percent.

Housing markets in half of all states and 35 of the top 50 metros are improving, according to a new report from Freddie Mac. However, only 11 states and four of the top 50 metros are "stable" compared to each market’s individual historical norms, Freddie Mac reported.

Bank of America has agreed to a multibillion settlement with the Federal Housing Finance Agency (FHFA) to resolve allegations of securities fraud. According to announcements made by all parties involved, under the agreement, BofA will make an aggregate payment of approximately $9.33 billion, $3.2 billion of which will go toward the repurchase of certain RMBS at fair market value.