Posts Tagged Mortgages


Freddie Mac names Stacey Goodman chief information officer

Freddie Mac has announced Stacey Goodman will join the company as executive vice president and chief information officer in September. Goodman will be a member of the senior operating committee and will report directly to CEO Donald Layton. She brings more than 25 years of technology experience in the financial services industry to Freddie Mac. […]

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Freddie Mac: Mortgage rates continue to hold amidst economic uncertainty

Mortgage rates remained largely unchanged this week amidst the lingering sense of economic uncertainty, according to the weekly Primary Mortgage Market Survey from Freddie Mac. “Following a mild decline last week, the 10-year Treasury yield rose 1 basis point this week,” Freddie Mac Chief Economist Sean Becketti said. “The 30-year mortgage rate similarly remained relatively […]

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Mortgage Rates Ridiculously Low, Freddie Mac Confirms

Shutterstock photo (RTTNews.com) – Mortgage rates are continuing to hold at low levels amidst ongoing economic uncertainty, mortgage provider Freddie Mac announced Thursday. The 30-year fixed-rate mortgage averaged 3.89% with an average 0.4 point during the week ending August 17, down from 3.90% in the prior week. It is now just one basis point above […]

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More than a decade later, housing bust still hurts

• Tight inventory. “We have a lot of willing buyers unable to find a home,” said George Ratiu, managing director of housing and commercial research for the National Association of Realtors. Some homeowners are still underwater from the housing collapse. Another reason: The great migration of baby boomers to smaller houses hasn’t materialized. “They like […]

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Home affordability erodes in first half of 2017

Most industry watchers believe home prices will keep moving up and the strong sellers’ market will keep going for some time barring a recession. Housing economists don’t agree, however, on how relatively affordable the market is for buyers. On Wednesday, the National Association of Realtors (NAR) reported that the median national home price had reached […]

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NAR CEO Bob Goldberg: Disrupters aren’t ‘the bogeyman’

Realtors can be a fearful lot, seeing threats in new technologies and new business models that might change the way they do business. The National Association of Realtors (NAR) has in some ways encouraged this mindset, often disparaging companies such as real estate tech giant Zillow Group. But new NAR CEO Bob Goldberg, who is […]

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Lenders React to Freddie Mac Policy Change Affecting 1% Down Programs

Freddie Mac recently updated the requirements for its Home Possible Advantage low down payment mortgage program by prohibiting lenders from applying gifts or grants directly to the 3% minimum down payment requirement. As per a July 26 bulletin, the government-sponsored enterprise (GSE) is revising its requirements “to state that gifts or grants from the seller […]

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Home prices hit yet another new all-time high

Home prices increased in the second quarter of 2017 to yet another all-time high due to low levels of housing supply, according to the latest quarterly report from the National Association of Realtors. The national median existing single-family home price increased 6.2% in the second quarter to $255,600. This is up from the second quarter […]

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NAR warns of text message scam

The National Association of Realtors (NAR) has released a warning about a text message scam that asks members to pay a fine or sales tax on a prize. In the text asking for payment of a fine, the sender says NAR has been investigating “claims of racist text and emails sent by you,” and threatens […]

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Hudson Gateway Association to co-host Global Real Estate Summit NYC

The Hudson Gateway Association of Realtors will co-host the Global Real Estate Summit NYC on Oct. 2 at the New York Marriott Marquis at 1535 Broadway in Manhattan. The conference will be held from 8 a.m. to 5:30 p.m. and include information and networking opportunities for real estate professionals and entrepreneurs seeking to work with […]

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