Achieve's survey reveals nearly half of borrowers apprehensive about future debt as economic challenges mount and new mortgage guidelines come into play.
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.
Total mortgage originations will remain flat for remainder of the year
Freddie Mac says 30-year-fixed rate at 7.09%
Victory comes after a previous trial ended in a hung jury.