Topic
Latest reporting and analysis tagged with Freddie Mac.
Mortgage rates fell this week, with the 30-year fixed rate averaging 6.18%, the lowest since September 2022, according to Bankrate's survey. The drop follows a recent presidential announcement aimed at boosting mortgage-backed securities purchases.
President Trump demanded Fannie Mae and Freddie Mac purchase $200 billion in mortgage bonds via Truth Social. Experts say the move has already influenced rates, with a 20-basis-point drop observed after the announcement.
Freddie Mac reports the average 30-year fixed mortgage rate dropped to 6.06% this week, its lowest level since September 2022, potentially aiding homebuyers in a sluggish market.
Mortgage rates fell to their lowest level since September 2022 after President Trump announced a $200 billion mortgage bond purchase plan, sparking a surge in loan applications.
Zillow reports average 30-year fixed mortgage rate at 5.94%, with 15-year fixed at 5.39%. Freddie Mac typically reports slightly higher rates. Rates vary by location and loan type.
Mortgage rates remain stable with a slight uptick this week. President Trump's proposal for Fannie Mae and Freddie Mac to buy $200 billion in mortgage bonds could push rates below 6%.