During the third quarter, Freddie Mac said it helped nearly 810,000 families to own or rent a home while providing $173 billion in liquidity to the mortgage market. It also served 865 regional and community-oriented single-family lenders during this period, representing more than 90 percent of all single-family lenders. First-time homebuyers represented 45 percent of Freddie Mac’s new single-family purchase loans in the third quarter, and it also financed 95 percent of multifamily rental units for families earning at or below 120 percent of area median incomes.Eager for relief but fearing further losses, industry executives offer insights on a volatile mortgage market in transition.
Conflict in the Middle East, softening in U.S. labor markets, the outcome of November’s U.S. presidential election, whether lower borrowing costs trigger the return of bidding wars — volatility, most likely, will define a mortgage market in transition over the next three to ...
U.S. pending home sales decline most in four Florida metros
As the buzz of homebuyers grows louder in locales around the country this fall, pending home sales have continued falling in many major Florida metropolitan areas. Several major Hurricanes colliding with the ‘Sunshine State’ in recent weeks – most notably, Helene and now,...
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