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Homebuyers advised to shop around.
Fannie Mae and Freddie Mac exhibit contrasting risk trajectories, while purchase loans dominate in a high-interest rate environment.
Michael J. DeVito will step down after a 30-year career.
Despite a slight dip, rising rates coupled with economic pressures continue to challenge prospective homebuyers.
Freddie Mac's latest report shows a modest decline in 30-year fixed-rate mortgages to 7.18%, though they remain well above the 7% threshold.
As the housing market grapples with high rates and scarce supply, Sam Khater, Freddie Mac's chief economist, warns of a potentially prolonged uphill journey.
