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Government-backed corporation sees tremendous portfolio growth

Government-backed corporation sees tremendous portfolio growth

The mortgage portfolio of one of the largest government-backed lenders increased at an annual rate of over 14 percent in April. Freddie Mac, which buys mortgages and packages them into mortgage-backed securities, reported a 9.2 percent increase, the largest growth in...
What to expect during mortgage forbearance

What to expect during mortgage forbearance

During this challenging time of dealing with the COVID-19 health crisis, homeowners across the nation are hitting the pause button on their mortgage payments. Millions of Americans are taking advantage of the flexibility of a financial reprieve through a mortgage...
Homeownership rates hitting high levels

Homeownership rates hitting high levels

The rate of homeownership in the United States reached a seven-year peak in the first quarter of 2020, according to the Census Bureau. At a rate of 65.3 percent, the number of families and individuals owning homes has not been at this level since 2013. The rate of...
Mortgage interest rates fall for first time in weeks

Mortgage interest rates fall for first time in weeks

Before the COVID-19 pandemic, interest rates floated at all-time lows and provided families and future homeowners a big incentive to enter the market and buy a home or refinance their current mortgage. Recently, the average fixed rate mortgage rate for a 30-year loan...
4 ways to financially prepare for homeownership

4 ways to financially prepare for homeownership

Buying a home represents one of the most important purchases you’ll ever make – and just the thought of not succeeding can make your stomach turn. Fortunately, there are a lot of reasons to be optimistic about buying a home. Low interest rates is one big factor, but...