Freddie Mac

Logo of the 60 Plus Association (Photo credit: 60 Plus Association)

Conservative seniors buy ads critical of housing changes

WASHINGTON (AP) — A conservative seniors group with ties to the billionaire Koch brothers on Monday announced $1.5 million in ads against seven members of the Senate Banking Committee in the hopes of derailing a […]

03/31/2014

A sale pending announcement sits atop a for sale sign in a home's yard in Richardson, Texas. (AP Photo/LM Otero, File)

US average on 30-year mortgage rises to 4.29 pct

WASHINGTON (AP) – Average U.S. mortgage rates rose modestly this week, a move that makes home-buying a bit less affordable. Still, rates remain near historically low levels. Mortgage buyer Freddie Mac said Wednesday that the […]

11/27/2013

President Barack Obama (AP Photo/Susan Walsh, File)

Obama to urge Congress to shutter Fannie, Freddie

WASHINGTON (AP) — President Barack Obama, seeking to buffer taxpayers from future housing market downturns, will urge Congress this week to back bipartisan efforts to shutter Fannie Mae and Freddie Mac, the mortgage-giants bailed out […]

08/05/2013

(AP Photo)

Some buyers motivated to act now as rates rise

  WASHINGTON (AP) — With mortgage rates posting a big increase this week, more home buyers may decide to make the move sooner rather than later. Mortgage buyer Freddie Mac said today that the average […]

06/27/2013

(AP Photo)

Rising US wealth doesn’t generate spending surge

WASHINGTON (AP) — The stock market rallied to record heights last month, home prices have rebounded and the wealth of American households returned to where it was before the Great Recession. That’s just what Federal […]

06/25/2013

(AP Photo)

US rate on 30-year mortgages rises to 3.59 pct.

WASHINGTON (AP) — Average rates on fixed mortgage rose for the third straight week, hitting their highest levels since mid-March. Still, mortgage rates remained close to historic lows, a trend that should help sustain the […]

05/23/2013

(AP Photo)

2013 deficit estimate lowered to $642 billion

WASHINGTON (AP) — The budget deficit for the current year is projected to come in well below what was estimated just a few months ago, a development that could further curb the already slowing momentum […]

05/14/2013

(AP Photo)

US rate on 15-year mortgage at record 2.56 pct.

WASHINGTON (AP) — The average U.S. rate on the 15-year fixed mortgage fell to a new record low last week, and the rate on the 30-year fixed loan declined. Cheaper mortgages have encouraged more home-buying […]

05/02/2013

Melvin Watt (AP Photo)

Obama naming NC’s Watt for housing post

WASHINGTON (AP) — President Barack Obama intends to nominate Rep. Melvin Watt to head the Federal Housing Finance Agency, the government regulator that oversees lending giants Fannie Mae and Freddie Mac, a White House official said Tuesday.

04/30/2013

(AP Photo)

US rate on 30-year mortgage slips to 3.54 pct.

WASHINGTON (AP) — Average U.S. rates on fixed mortgages crept closer to their historic lows this week, a trend that could help the housing recovery strengthen.

04/04/2013

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