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Driven down by worries about a trade war with China, mortgage rates have sunk to multiyear lows. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average tumbled.
HousingWire sat down with aime chairman anthony Casa to discuss the rise in independent mortgage brokers and the changes in today’s mortgage market. Q. How do you see the market for mortgages evolving.
Michael Cooksey, an industry veteran and longtime branch manager for Mid America Mortgage, has been promoted to executive.
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Freddie Mac’s (OTCQB:FMCC) total mortgage portfolio increased $11.7B to $2.251T during July. Liquidations during the month of $30.6B, or annualized liquidation rate of 16.4%, compares with $31.9B.
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Fannie Mae and Freddie Mac back about half of new mortgages in the U.S. Now, talks are heating up about reshaping or shrinking the two companies, a move that could impact millions of Americans. Photo:.
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