By KIMBERLEY HAAS The new SVP of community lending solutions at Guild Mortgage has a passion for educating people about homeownership. Nora Guerra joined the Guild team in October. Prior to that, she worked as the senior manager of national affordable lending at Freddie Mac and won the CEO Award. In her role at Freddie…
Officials at Freddie Mac reported Thursday that the 30-year fixed-rate mortgage rate averaged 6.72%, up from the week prior’s 6.60%. A year ago at this time, the 30-year fixed-rate mortgage averaged 6.67%. Fifteen-year rates also increased to 5.92% from 5.84%. A year ago at this time, they were at 5.95%. “This week, mortgage rates crept…
Mortgage rates declined for a third straight week, but affordability is keeping demand leashed. Officials at Freddie Mac reported Thursday that the 30-year fixed-rate mortgage averaged 6.60%, down from the week prior’s 6.69%. A year ago at this time, the 30-year fixed-rate mortgage averaged 6.95%. Fifteen-year rates also fell to 5.84% from 5.96%. A year…
Former Ginnie Mae exec Sam Valverde has moved to Freddie Mac as its VP of mission and community engagement in its single-family acquisitions division. Valverde brings more than two decades of leadership experience to the role, having most recently served as acting president of Ginnie Mae. He took on the role after former president Alanna…
Mortgage rates resumed their upward march last week after briefly stalling. Officials at Freddie Mac reported Thursday that the 30-year fixed-rate mortgage averaged 6.84%, up from the week prior’s 6.78%. A year ago at this time, the 30-year fixed-rate mortgage averaged 7.29%. Fifteen-year rates ticked up to 6.02% from 5.99%. A year ago at this…
By KIMBERLEY HAAS Industry leaders are discussing what a potential release from conservatorship might look like for Fannie Mae and Freddie Mac under Trump’s second term. At the AEI Housing Center conference held in Washington, DC, the topic came up during a panel discussion on housing priorities for the new administration. Michael Calhoun, president of…
Mortgage rates stalled in the days following Donald Trump’s re-election and another rate cut from the FOMC. Officials at Freddie Mac reported Thursday that the 30-year fixed-rate mortgage averaged 6.78%, essentially unchanged from the week prior’s 6.79%. A year ago at this time, the 30-year fixed-rate mortgage averaged 7.44%. Fifteen-year rates followed the same pattern,…
Fannie Mae changed its requirements for appraisal alternatives, a way to help reduce costs for borrowers, while Freddie Mac expanded access to repurchase loans. For purchase loans for primary residences and second homes, the eligible LTV ratios for Value Acceptance will increase from 80% to 90% and Value Acceptance + Property Data will increase from…
Mortgage rates jumped again last week due to a strong economy and less certainty around cuts from the Central Bank. Officials at Freddie Mac reported Thursday that the 30-year fixed-rate mortgage averaged 6.54%, up from 6.44% the week prior. This is the fourth consecutive week of increases. Pre-priced-in drops that came after the Fed’s historic…
Mortgage rates increased again, putting multi-month lows in the rearview mirror for potential buyers. Officials at Freddie Mac reported Thursday that the 30-year fixed-rate mortgage averaged 6.44%, up from 6.32% the week prior. This is the third consecutive week of increases as economic data points to a strong economy. Pre-priced-in drops that came after the…
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