Changes to federally-backed mortgages may mean higher fees for some
Freddie Mac and Fannie Mae-backed mortgages are about to get cheaper for some people, but more expensive for others.
Freddie Mac and Fannie Mae-backed mortgages are about to get cheaper for some people, but more expensive for others.
Good news for potential home buyers.
According to data released today by Freddie Mac, mortgage rates continued to decline this week for the fourth week in a row.
The average long-term U.S. mortgage rate dipped back under 7% this week, one day after the Federal Reserve raised its benchmark borrowing rate to its highest level in 15 years as it tries to squelch four-decade high inflation.
According to Freddie Mac, mortgage rates rose again this week hitting above 7% for the first time since 2002.
Mortgage rates in the United States have hit a record 20-year high.