Mortgage Rates Climb Again
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Freddie Mac has released its latest Primary Mortgage Market Survey, showing that average mortgage rates inched higher this week. The benchmark 30-year fixed-rate mortgage (FRM) now stands at 6.75%, marking a modest increase from 6.72% last week. Meanwhile, the 15-year FRM rose to 5.92%, up from 5.86%.
A top housing finance regulator announced that Fannie Mae and Freddie Mac would allow lenders to use the traditional FICO score or one from a rival, VantageScore.
Mortgage rates moved higher for the second week in a row, according to Freddie Mac. The average rate on a 30-year loan reached 6.75%.
With Trump’s tax overhaul now in the rearview mirror, a potential Freddie and Fannie conservatorship release could move up the docket.
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Money Talks News on MSNBillionaire's $1B Bet Could Send Your Mortgage Rates SoaringThe Trump administration is considering privatizing Fannie Mae and Freddie Mac to cut federal deficits. First-time buyers and those without perfect credit could find themselves locked out of homeownership.
Whether you're buying a new home or considering mortgage refinancing, the main question is the same right now: When will rates drop? The interest rate environment has remained elevated across various lending products,
The average rate on the 30-year fixed mortgage rose this week to 6.72%, according to the latest Freddie Mac data released on Thursday. That is up from last week's reading of 6.67%.
A growing number of homeowners say no rate would make them sell, making it even harder for buyers to find homes.