facebook
twitter
rss
account
search
search
Headlines

Mortgage rates rise

WASHINGTON, May 17 (UPI) -- Freddie Mac reported Friday mortgage rates rose for the second consecutive week but were expected to remain stable for the foreseeable future. Freddie Mac said the average rate on the 30-year loan to homebuyers rose to 6.89 percent from 6.79 percent last

Mortgage rates fall

WASHINGTON, April 26 (UPI) --

Mortgage rates decline

WASHINGTON, April 19 (UPI) --

Mortgage rates fall

WASHINGTON, April 12 (UPI) -- Freddie Mac on Friday said long-term mortgage rates fell to their lowest level in four weeks amid a growing belief the Federal Reserve will not hike interest ra

Mortgage rates rise

WASHINGTON, March 22 (UPI) --

Mortgage rates rise

WASHINGTON, March 8 (UPI) -- Freddie Mac said Friday long-term mortgage rates rose during the latest reporting week amid signs an improving economy could leave the Federal Reserve poised to raise interest rates when it meets March 19. Freddie Mac said the average rate on the 30-year

Mortgage rates decline

WASHINGTON, March 1 (UPI) -- Freddie Mac said Friday long-term mortgage rates slipped to their lowest level since November during the latest reporting week and noted the low rates will encourage the housing sector. Freddie Mac said the average rate on the 30-year loan eased to 6.80 p

Mortgage rates decline

WASHINGTON, Feb. 15 (UPI) -- Freddie Mac on Friday reported that long-term mortgage rates fell during the latest reporting week, pointing to another dynamic year for the housing industry. F

Mortgage rates decline

WASHINGTON, Feb. 8 (UPI) -- Freddie Mac said Friday long term mortgage rates fell during the latest reporting week for the first time in three weeks and should remain around 7 percent. Fre

Mortgage rates rise

WASHINGTON, Jan. 25 (UPI) -- Freddie Mac on Friday reported that long-term mortgage rates rose during the latest reporting week but still expects rates to hover around 7 percent to 7.25 per

Mortgage rates fall to November lows

WASHINGTON, Jan. 18 (UPI) -- Freddie Mac on Friday reported that long-term mortgage rates fell to their lowest level since late November during the latest reporting week amid growing expect

Mortgage rates fall to five- week low

WASHINGTON, Jan. 11 (UPI) -- Freddie Mac said Friday long-term mortgage rates fell to their lowest level in five weeks during the latest reporting week -- indicating a strong year for home

Long term mortgage rates ease

WASHINGTON, Jan. 4 (UPI) --

Mortgage rates rise

WASHINGTON, Dec. 14 (UPI) -- Freddie Mac said Friday long term mortgage rates rose during the latest reporting week but still remained at historically low levels. Freddie Mac said the avera
Page 15 of 16
Photos
Freddie Mac
David Kellermann, acting chief financial officer at Freddie Mac, was found dead of an apparent suicide on April 22, 2009 in Vienna, Virginia, in suburban Washington, DC. Kellermann, 41, was named to the position in September, 2008, when the federal government took control of the financially-troubled company and ousted its top executives. In recent weeks, Kellermann apparently received a controversial $800,000 bonus. (UPI Photo/HO)
Wiki

The Federal Home Loan Mortgage Corporation (FHLMC) (NYSE: FRE), known as Freddie Mac, is a government sponsored enterprise (GSE) of the United States federal government. Freddie Mac has its headquarters in the Tyson's Corner CDP in unincorporated Fairfax County, Virginia.

The FHLMC was created in 1970 to expand the secondary market for mortgages in the US. Along with other GSEs, Freddie Mac buys mortgages on the secondary market, pools them, and sells them as mortgage-backed securities to investors on the open market. This secondary mortgage market increases the supply of money available for mortgages lending and increases the money available for new home purchases. The name, "Freddie Mac", was a acronym of the company's full name that had been adopted officially for ease of identification (see "GSEs" below for other examples).

On September 7, 2008, Federal Housing Finance Agency (FHFA) director James B. Lockhart III announced he had put Fannie Mae and Freddie Mac under the conservatorship of the FHFA (see Federal takeover of Fannie Mae and Freddie Mac). The action has been described as "one of the most sweeping government interventions in private financial markets in decades".

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Freddie Mac."
Most Popular
1
Florida pageant mom fed daughter tapeworms to make her lose weight
2
Source: Ferguson cop beaten before shooting
3
Boko Haram overruns Nigerian police academy
4
South Carolina woman allegedly beats 64-year-old man for farting in her face
5
Gallery: Makeup artist uses her chin as canvas for perfect cartoon renderings
x
Feedback