Freddie Mac

National Association of Realtors® Commends FHFA Decision to Abandon Single Family Rental Program

August 22, 2018 (STL.News) The Federal Housing Finance Agency (FHFA) today announced that Fannie Mae and Freddie Mac will conclude their single-family rental pilot programs. National Association of Realtors® President Elizabeth Mendenhall, a sixth-generation Realtor® from Columbia, Missouri and CEO of RE/MAX Boone Realty, issued the following statement commending the FHFA for its decision: “With … Continue reading National Association of Realtors® Commends FHFA Decision to Abandon Single Family Rental Program

US home sales fell 0.7 percent, 4th straight monthly decline

WASHINGTON/ August 22, 2018 (STL.News)— U.S. sales of existing homes slipped for the fourth consecutive month, declining 0.7 percent in July to the slowest pace in more than two years as the real estate market shows signs of cooling. The National Association of Realtors said Wednesday that homes sold last month at a seasonally adjusted … Continue reading US home sales fell 0.7 percent, 4th straight monthly decline

CoreVest Closes $6MM Loan with Freddie Mac Multifamily Pilot Program for Single-Family Rental

NEW YORK and IRVINE, Calif./ Aug. 2, 2018 (STL.News) — CoreVest, the leading lender to residential real estate investors, is pleased to announce the closing of a $6-million mortgage loan secured by a pool of 55 single-family rental homes. The properties, located in and around Kansas City, Missouri, are owned by Golden Pacific Capital’s GPC … Continue reading CoreVest Closes $6MM Loan with Freddie Mac Multifamily Pilot Program for Single-Family Rental

Fla. Housing Market: Median Prices Continue to Rise in June 2018

ORLANDO, Fla./ July 23, 2018 (STL.News) — Florida’s housing market reported rising median prices, fewer days to contract and a continuing tight supply of inventory in June, according to the latest housing data released by Florida Realtors®. “Florida is still experiencing a shortfall in for-sale homes in many local housing markets and that continues to … Continue reading Fla. Housing Market: Median Prices Continue to Rise in June 2018

Average US mortgage rates dip; 30-year at 4.52 percent

WASHINGTON/ July 20, 2018 (STL.News) — Long-term U.S. mortgage rates edged slightly lower this week. Mortgage buyer Freddie Mac says the average rate on 30-year, fixed-rate mortgages slipped to 4.52 percent from 4.53 percent last week. Despite the decline in recent weeks, long-term loan rates have been running at their highest levels in seven years. … Continue reading Average US mortgage rates dip; 30-year at 4.52 percent

Average US mortgage rates edge up; 30-year at 4.53 percent

  WASHINGTON/ July 12, 2018 — Long-term U.S. mortgage rates edged higher this week, marking their first increase since early June. Mortgage buyer Freddie Mac said Thursday the average rate on 30-year, fixed-rate mortgages ticked up to 4.53 percent from 4.52 percent a week earlier. Despite the decline in recent weeks, long-term loan rates have … Continue reading Average US mortgage rates edge up; 30-year at 4.53 percent

Average US 30-year mortgage rates fall to 4.52 percent

WASHINGTON/ July 5, 2018  (STL.News)— Long-term U.S. mortgage rates fell this week, offering a slight degree of relief to would-be homebuyers. Mortgage buyer Freddie Mac said Thursday that the average rate on 30-year, fixed-rate mortgages dropped to 4.52 percent from 4.55 percent a week ago. Rates have declined in five of the past six weeks. … Continue reading Average US 30-year mortgage rates fall to 4.52 percent

US long-term mortgage rates fall; 30-year at 4.57 percent

WASHINGTON/June 21, 2018 (AP)(STLRealEstate.News) — Long-term U.S. mortgage rates fell this week, marking their third decline in the past four weeks after increasing last week. Mortgage buyer Freddie Mac said Thursday the average rate on 30-year, fixed-rate mortgages was 4.57 percent, down from 4.62 percent last week. By contrast, the 30-year rate averaged 3.90 percent … Continue reading US long-term mortgage rates fall; 30-year at 4.57 percent