Louie_Louie
2 hours ago
The goverrnment is like an embedded tick in our Freddie and our Fannie ! Neither party wants to extract itself, why? because ticks like free rides and sucking all their hosts blood. Its not that those in government are affraid of being called out and crucified by Joe public, as they're always saying when it gets to someone asking why isn't Congress/Senate moving on this? it's because the banks in this country control both party's, and you can believe that 100% when it comes to FNF. The banks and the mortgage industry have both co-existed and cooperated with each other to make the government imprison the twins. They pull the strings of those Congress and Senate people with their lobbyists and campaign bribes. The government keeps to their talking point and says the taxpayer would give them hell if they released, which is beyond a big joke because only about .00001% of tasxpayers know what this is about or are invested in it. Governement doing what it does best, being a lying tick.
navycmdr
8 hours ago
Mortgage Rates Move Lower -
Freddie Mac - Thu, Jun 20, 2024,
MCLEAN, Va., June 20, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.87 percent.
“Mortgage rates fell for the third straight week following signs of cooling inflation and market expectations of a future Fed rate cut,” said Sam Khater, Freddie Mac’s Chief Economist. “These lower mortgage rates coupled with the gradually improving housing supply bodes well for the housing market. Aspiring homeowners should remember it’s important to shop around for the best mortgage rate as they can vary widely between lenders.”
News Facts
--- The 30-year FRM averaged 6.87 percent as of June 20, 2024, down from last week when it averaged 6.95 percent. A year ago at this time, the 30-year FRM averaged 6.67 percent.
--- The 15-year FRM averaged 6.13 percent, down from last week when it averaged 6.17 percent. A year ago at this time, the 15-year FRM averaged 6.03 percent.
--- The PMMS® is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20 percent down and have excellent credit. For more information, view our Frequently Asked Questions.
Freddie Mac’s mission is to make home possible for families across the nation. We promote liquidity, stability, affordability and equity in the housing market throughout all economic cycles. Since 1970, we have helped tens of millions of families buy, rent or keep their home. Learn More: Website | Consumers | Twitter | LinkedIn | Facebook | Instagram | YouTube
MEDIA CONTACT:
Chad Wandler
(703) 903-2446
Chad_Wandler@FreddieMac.com
richrichrich
1 week ago
My problem yesterday, was one of reading comprehension, as stated by navycmdr,and I think sammyboy......The news came to me via Fidelity, and at first glance I thought it was referring to my hold of FMCC common shares. In reality it was referring to fmcc 25z bond related de-listing, and has nothing to do with common shares FMCC......The news came to me because it was Freddie "related" news......So I apologise greatly to all here......My stupidity.......GLTA