The Latest Breaking News from Freddie Mac

Although cooled inflation raised hopes of a soft landing, the Fed is expected to keep raising interest rates through 2023, putting pressure on the stock market. Given this backdrop, under-$50 ETFs First Trust Low Duration Opportunities (LMBS), SPDR Nuveen Bloomberg Short Term Municipal Bond (SHM), and First Trust Value Line…

One economist is calling the top

Savers might find that UFB’s high rates complement their existing banking relationship.

Mortgage buyer Freddie Mac reported Thursday that the average on the key 30-year rate jumped to 7.08% from 6.94% last week.

Average long-term U.S. mortgage rates inched up this week ahead of another expected rate increase by the Federal Reserve when it meets early next month

Homebuyers face the highest mortgage rates in two decades, a new report shows, as elevated borrowing costs have slowed sales in Southern Nevada and around the country this year.

Mortgage interest rates have climbed to their highest levels in two decades, which means higher payments for less home. So an older loan known as an adjustable rate mortgage, or ARM, is making a comeback.

Average long-term U.S. mortgage rates ticked down modestly this week after six straight weeks of gains pushed rates to heights not seen in more than a decade, before a crash in the housing market triggered the Great Recession in 2008

Hurricane Ian’s widespread damage is another disaster for Florida’s already shaky insurance industry. Even though home insurance rates in Florida are nearly triple the national average, insurers have been losing money. Six have failed since January 2022. Now, insured losses from Ian are estimated to exceed US$40 billion

Average long-term U.S. mortgage rates rose this week for the sixth straight week, marking new highs not seen in 15 years

The average mortage rate was 2.86% a year ago, according to Freddie Mac.