McKernan (pictured right) comes to FHFA from the Department of the Treasury, where he was a senior policy advisor and was involved in the development of the Treasury Housing Reform Plan released in September. Prior to Treasury, he advised Sen. Bob Corker (R-TN) on housing finance reform and financial services issues, including Sen. Corker’s bi-partisan effort to negotiate housing finance reform legislation. Before serving in the federal government, he was counsel at Wilmer Cutler Pickering Hale and Dorr LLP.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...
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...
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