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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...
New-home sales show growth, exceed expectations

New-home sales show growth, exceed expectations

Despite the COVID-19 health emergency, which triggered serious job loss and business closures, new-home sales exceeded expectations. In April, sales grew by 0.6 percent month over month, overcoming gloomy projections stirred by the pandemic. About 625,000 new homes...
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...