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Recent rate movements have failed to result in significant purchase growth, but refinances are providing lenders some lift.
August 29 -
The pool, collectively, has a cap rate of 8.57%, with an in-trust loan-to-value (LTV) at the cutoff date of 102.3%, and an appraisal LTV of 61.5%.
July 23 -
But those in opposition are still giving the agency props for how it carried out the new product approval process for the first time.
June 24 -
The move allows Freddie Mac to start purchasing certain second lien mortgages, but establishes limits on how much volume it can do.
June 21 -
Markets appeared to welcome signs of future rate relief, with the latest Freddie Mac average falling for the fifth time in six weeks.
June 13 -
The 30-year average rate got closer to 7% as central bank officials dashed near-term hopes of a cut, according to Freddie Mac.
February 22 -
The government-sponsored enterprise financed 955,000 mortgages last year, down from the 1.8 million loans it backed in 2022.
February 14 -
But the decline may be close to its floor, as wide spreads compared to 10-year Treasury yields hinder how far averages could fall.
December 28 -
Recent economic data pushed investors toward Treasurys over the past week, driving 10-year yields to as low as 4.1%.
December 7 -
The 30-year average declined for the fifth consecutive week, as purchase demand picking up at the same time, according to Freddie Mac.
November 30