Advertising Council and NeighborWorks launch foreclosure prevention campaign

Jul 12, 2007

Freddie Mac enhances financial literacy curriculum and loansMortgagePress.comFinancial literacy courses Freddie Mac has enhanced its CreditSmart multilingual financial literacy curriculum, by adding new material that focuses on homeownership preservation, including foreclosure prevention, planning for emergencies, property maintenance and avoiding financial traps. In addition, Freddie Mac has expanded the baseline business terms of its Freddie Mac Interest-Only Fixed-Rate Mortgage, to make more interest-only financing available to its customers, and will allow more yield maintenance flexibility via its Freddie Mac Treasury Plus Yield Maintenance option. Based in McLean, Va., Freddie Mac is a government-sponsored enterprise that purchases mortgages and related securities and then issues securities and bonds against them. For more information, call (703) 903-2000 or visit www.freddiemac.com.

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Jul 12, 2007

Analysis and Data

Mortgage Rates Surpass 7% For First Time This Year

Freddie Mac reported the 30-year fixed-rate mortgage averaged 7.10%.

Freddie Mac today released its Primary Mortgage Market Survey, revealing the 30-year fixed-rate mortgage (FRM) averaged 7.10%, breaching the 7% threshold for the first time this year. “The 30-year fixed-rate mortgage surpassed 7% for the first time this year, jumping from...

Analysis and Data

Existing Home Sales Decline By 4.3% In March

Northeast the only region to see an uptick in sales over prior month, per a new report from the National Association of Realtors

Fewer people bought homes this March than the month before and during March 2023, a new report from the National Association of Realtors (NAR) reveals. Total existing-home sales receded 4.3% from February to a seasonally adjusted annual rate of 4.19 million in March. Year...