Freddie Mac News
US home sales shoot up to 10-year high
US home sales jumped 4.4 percent in March to highest rate since February 2007
Average mortgage rate drops to 5-month low
The average U.S. mortgage rate fell below a key threshold of 4 percent this week, its lowest level in five months. Mortgage buyer Freddie Mac said Thursday that the average interest rate on 30-year fixed-rate home loans declined to 3.97 percent this week from 4.08 percent last week. Interest rates
Major changes coming to how your credit score is calculated
The math behind your credit score is getting an overhaul, with changes that may alter the behavior of both cautious spenders and riskier borrowers
Average 30-year mortgage rate falls to 2017 low of 4.08 pct
Long-term U.S. mortgage rates fell for a fourth straight week, with the benchmark 30-year rate marking a new low for the year
Excerpt: Ben Bernanke's 'The Courage to Act'
Excerpted from The Courage to Act: A Memoir of A Crisis and Its Aftermath by Ben S. Bernanke. Copyright © 2015 by Ben S. Bernanke. With permission of the publisher, W. W. Norton & Company, Inc. All rights reserved. Prologue: I Can Still Stop This . . . It was 8:00 p.m. Tuesday, September 16, 2008.
What to Know About the Anticipated Increase in Interest Rates
Federal Reserve chairwoman finally laid some jitters of investors to rest when she said that interest rates are likely to rise later this year, which can affect everything from your savings to credit card fees. The Federal Reserve has kept short-term interest rates near zero since 2008, so many
What Households Should Know Following Fed Decision to Keep Interest Rates Unchanged
The Federal Reserve's decision today to keep interest rates unchanged may mean consumers can make some decisions while rates remain near zero. Mark Zandi, chief economist with Moody's, said he expects the Fed to begin raising rates before the year is over. "However, the longer they wait to begin
Giant Butter Cow, Sculpture Contest Draw Big Crowds at Iowa State Fair
ABC News' Charli James and Josh Haskell get an up-close look at impressive dairy designs.
How to Get Your Finances in Order Before You Buy a Home
To successfully buy a home these days, you'll need patience, resilience to rejection and sound financial planning. You don’t need to earn gobs of money to successfully purchase a home -- well, depending on your area. You do, however, need to have enough income left over after your proposed mortgage
Fannie Mae, Freddie Mac Bailout Risk Rising
Fannie Mae and Freddie Mac, entities that received $188 billion in bailout funds in 2008, are at risk again, according to the Federal Housing Finance Agency.