Effective March 16, Hutchins will also become a member of Freddie Mac’s Board of Directors.
Tagged: Freddie Mac
Freddie Mac's Chief Economist warns of persistent inflation pressure despite recent rate dip, suggesting prolonged elevated rates in the mortgage market.
Mortgage rates dip slightly, prompting increase in home loan applications.
The average 30-year fixed rate mortgage jumped to 6.94% last week.
Rising rates and housing unaffordability cast shadow over market's seasonal momentum.
Freddie Mac's Primary Mortgage Survey shows rates up to 6.77% last week.
Robust performance marks growth for both Fannie Mae and Freddie Mac, despite a dip in home purchases.
30-Year fixed-rate averages 6.64%.
Initiative aims to break down barriers to homeownership for very low-income families; accessible across Freddie Mac's mortgage products, it takes effect on March 1, 2024.