FreddieMac

Mortgage rates have hit an all-time low according to Freddie Mac's Primary Mortgage Market Survey. The drop has done little to help new home sales, but it did cause a surge in refinancings.

With the historically low interest rates, many homeowners with 30-year mortgages have been leaving their loans for younger models. According to a new report from Freddie Mac, more homeowners are refinancing into 15- and 20-year mortgages than ever before.

Banks are up in arms over language added to the proposed financial regulation overhaul that would make big financial firms shoulder some of the cost if government-backed mortgage lenders Fannie Mae and Freddie Mac go bust.

A survey by mortgage finance company Freddie Mac showing that U.S. mortgage rates have gone up for three weeks in a row and now top 5% is already setting off some alarm bells over fears that any possibility of a recovery of the nation's real estate market might now be doomed because the Federal...

The Fed has taken a wrecking ball to interest rates, and the going rate on a 30-year fixed mortgage is currently hovering right around 5%.But John Koskinen, the interim CEO of Freddie Mac, says that the party could be coming to an end. Reuters reports that Koskinen remarked after a meeting with...

In a new plan that makes a whole lot of sense, Freddie Mac will allow foreclosed homeowners and tenants to stay in repossessed homes by renting them back.The program is expected to provide relief from eviction to 8,600 families in 2009. Renters will have to pay market rents -- not necessarily the...

The media's depiction of the current economic crisis has largely focused on either troubled homeowners or failing investment companies. Over the past couple of months, however, another big loser has emerged: educational institutions. For example, five Wisconsin school districts recently announced...

We've all heard that it's getting harder and harder to qualify for a new loan, but no one's been certain exactly what Fannie Mae and Freddie Mac have set as rules in this new financial environment. In a story in today's Wall Street Journal, we find that a borrower needs a credit score of at least...

The Fed's decision to focus on consumer credit availability appears to be just the right medicine. Mortgage applications for the week ending November 28 soared a record 112.1%, to 857.7, the highest since the week ended March 21, according to the Mortgage Bankers Association (MBA). Thanks to the...

You may hear on the evening news or in your local paper that "home values were down 5% last month" or "foreclosures doubled," but what does all that really mean to you? For the most part, not a whole lot.Our friends at Bankrate.com just put out this article that does a good job looking at three of...