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Tuesday, January 21, 2020  Spokane, Washington  Est. May 19, 1883
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Stories tagged: freddie mac


UPDATED: Thu., Aug. 8, 2019

U.S. long-term mortgage rates fall sharply: 30-year at 3.60%

U.S. long-term mortgage rates fell sharply this week, with the benchmark 30-year loan touching its lowest level since November 2016.


US long-term mortgage rates fall; 30-year loan at 3.73%

U.S. long-term mortgage rates fell this week. It was the seventh decline in the past nine weeks for the key 30-year, fixed-rate loan, which reached its lowest level since November …


Trump seeks to end government control of mortgage companies

President Donald Trump issued an order for the government to end its 10-year conservatorship of the mortgage companies Fannie Mae and Freddie Mac.


US average mortgage rates edge up; 30-year at 4.46 percent

U.S. long-term mortgage rates edged up after declining in recent weeks.


Fannie, Freddie permitted by US to keep $3 billion buffers

WASHINGTON – The Federal Housing Finance Agency and U.S. Treasury Department said they have agreed to let mortgage giants Fannie Mae and Freddie Mac retain capital buffers of $3 billion …


U.S. 30-year, fixed-rate mortgage rate slips to 3.93 percent

The rate on 30-year fixed-rate U.S. mortgages slipped to 3.93 percent this week.


U.S. 30-year mortgage rates rise to 3.94 percent

The costs of borrowing to buy a home increased slightly this week, but U.S. mortgage rates are still near relative lows.


Average U.S. mortgage rates rise; 30-year at 4.03 percent

Long-term U.S. mortgage rates rose this week for the second straight week. The benchmark 30-year rate surpassed the significant 4 percent level for the first time since May.


Average U.S. 30-year mortgage rate slips to 3.94 percent

Long-term U.S. mortgage rates were flat to slightly lower this week, as the key 30-year rate marked a new low for the year.


Average 30-year mortgage rate rises to 4.03 percent

Long-term U.S. mortgage rates rose this week for the first time in five weeks. The benchmark 30-year rate pushed back above the key threshold of 4 percent.


Fannie Mae to pay Treasury $5.5 billion after profit doubles

Fannie Mae said Friday that it will pay the U.S. Treasury a $5.5 billion dividend next month after its profit doubled in its latest quarter.


Average 30-year mortgage rate dips to 4.15 percent

Long-term mortgage rates slipped again this week. Mortgage buyer Freddie Mac says the rate on 30-year, fixed-rate loans eased to 4.15 percent from 4.17 percent last week. The benchmark rate …


UPDATED: Tue., Jan. 31, 2017

Fannie Mae-Freddie Mac should be utilities, trade group says

A powerful housing trade group is wasting no time in pushing the Trump administration and Republican-led Congress to address one of the last unresolved issues from the financial crisis, outlining …


UPDATED: Mon., Jan. 30, 2017

Citi to exit mortgage servicing, sell $97 billion portfolio

Citigroup plans to exit the mortgage-servicing business by the end of 2018 to focus on making new loans.


Average 30-year mortgage rate rises to 3.57 percent

Long-term U.S. mortgage rates rose this week for a second straight week.


U.S. home sales fell in July amid inventory shortage

U.S. homebuyers pulled back in July, as sales declined amid a shortage of available properties and steadily rising prices.


Average U.S. 30-year mortgage rate declines to 3.43 percent

g-term U.S. mortgage rates declined this week after rising for three straight weeks, continuing to lure prospective homebuyers.


Freddie Mac posts $993M profit in 2Q; paying $933M dividend

Mortgage giant Freddie Mac reported net income of $993 million for the second quarter, down sharply from the same period of 2015.


Mortgage rates drop to lowest level since May 2013

Concerns about the strength of the global economy plus the Federal Reserve’s decision this week to keep interest rates from rising have driven mortgage rates to the lowest level since …


Average U.S. 30-year mortgage rate slips to 3.60 percent

Mortgage buyer Freddie Mac said Thursday the average 30-year fixed-rate mortgage slipped to 3.60 percent from 3.66 percent last week. That is well below its level a year ago of …


Fannie Mae posts $1.1B profit in 1Q; paying $919M dividend

Mortgage giant Fannie Mae posted net income of $1.1 billion for the first quarter, down from a year ago as declining interest rates reduced the value of the financial instruments …


30-year mortgage rate ticks up to 3.64 percent

Average long-term U.S. mortgage rates rose this week for the first time in two months as global economic anxiety and market turbulence eased.


Average U.S. 30-year mortgage rate at 3.65 percent

Average long-term U.S. mortgage rates were unchanged this week, but remained at historically low levels amid worries about the global economy.


Freddie Mac profit rises on higher interest rates

Freddie Mac, the government-controlled mortgage company, said its net income jumped in the fourth quarter thanks to higher interest rates.


Samuelson: Fannie, Freddie live on despite risks

Government backs more mortgages than prerecession, helping prop up sluggish housing market.


City sues Freddie, Fannie

Spokane city leaders allege they’ve been cheated out of hundreds of thousands of dollars in taxes by two high-profile financial insitutions – money the city would have used to fix …


Report: Fannie, Freddie managers earned $200K

WASHINGTON — A government report finds median pay for nearly 2,000 senior managers at government-controlled Fannie Mae and Freddie Mac exceeded $200,000 last year.


Freddie Mac bets against American homeowners

Freddie Mac, the taxpayer-owned mortgage giant, has placed multibillion-dollar bets that payoff if homeowners stay trapped in expensive mortgages with interest rates well above current rates.


Despite risks, adjustable-rate mortgages have advocates

PHILADELPHIA — Fixed mortgage rates remain below 5 percent, and these days fewer and fewer home buyers seem to be opting for adjustable-rate loans. But low fixed rates aren’t the …


Housing programs hurt U.S.

Not Seattle! Home prices in the “Queen City” of the Northwest were not supposed to go south. This isn’t Miami, Phoenix or Las Vegas, where suntanned speculators built big, borrowed …