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Freddie Mac

Number Crunched: Is Industry Data Adding Up?

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The acclaimed writer and futurist Alvin Toffler once remarked, “You can use all the quantitative data you can get, but you still have to distrust it and use your own intelligence and judgment.”

Of course, Toffler was not talking about surplus amount of data relating to the housing industry and the mortgage market. However, the excess quantity of data servings sometimes creates a contradictory picture, creating both confusion and bemusement across the industry.Click to continue

Rising Job Numbers Plus Unchanged Mortgage Rates Equals … What?

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New data on job creation and average fixed mortgage rates were simultaneously released today by the U.S. Bureau of Labor Statistics (BLS) and Freddie Mac. While this data was not intentionally timed to be released on the same day, the announcements offered a new affirmation on the overlap between the job market and the housing market.Click to continue

GSEs Complete Nearly 3.2 Million Foreclosure Prevention Actions Through Q1

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Fannie Mae and Freddie Mac have completed nearly 3.2 million foreclosure prevention actions since the start of the conservatorships in 2008, with approximately 88,800 actions occurring in the first quarter. These measures have helped more than 2.6 million borrowers stay in their homes, including 1.6 million who received permanent loan modifications.Click to continue

Can Millennials and Jumbos Drive the Mortgage Market?

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Three new reports issued today offer a mix of different emotions on the state of housing and the mortgage market, with an affirmation of current problems and a forecast for a much brighter tomorrow. However, some industry experts point to a XL-sized non-agency product as being the latest tool to help drive activity.Click to continue

Despite a Decline in Delinquencies, Most Markets Remain Weak

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Freddie Mac has released its Multi-Indicator Market Index (MiMi) showing mixed signals for the U.S. housing market. Most markets remain weak, despite declining mortgage delinquencies, improving local employment, house price gains and attractive mortgage rates due to weak home purchase mortgage applications.Click to continue

Housing Market Showing Signs of Stability Amid Still Uneasy Economy

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A pair of new reports issued today—Freddie Mac’s Primary Mortgage Market Survey (PMMS) and Zillow’s first quarter overview on all-cash purchases—offered a view that might suggest housing is showing evidence of stabilizing, even if the economy is still wobbling about. According to Freddie Mac, the 30-year fixed-rate mortgage (FRM) averaged 4.17 percent with an average 0.6 point for the week ending June 19, down from last week when it averaged 4.20 percent. A year ago at this time, the 30-year FRM averaged 3.93 percent.Click to continue

The Viability of GSE Recapitalization

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During a recent National Housing Conference Annual Policy Symposium in Washington, D.C., Treasury Undersecretary Mary Miller discussed the uncertain future of the government-sponsored entities (GSEs). She also covered the basics of the post-economic disaster and its meager, slow-moving recovery.Click to continue

Mortgage Rates Tick Upwards as Optimism Remains Flat

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Average fixed mortgage rates inched higher for a second consecutive week, according to results in Freddie Mac’s Primary Mortgage Market Survey (PMMS). However, the rising rate level failed to help raise a sense of confidence among many real estate finance professionals.Click to continue