Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.78 percent. ?Mortgage rates essentially remained flat from last week but have decreased nearly half a percent from their peak earlier this year,? said Sam Khater, Freddie Mac?s Chief Economist.
A new annual report by the National Low Income Housing Coalition that highlights current trends in rental housing and average wages across the country echoes similar sobering findings of a housing needs assessment conducted by the Federal Home Loan Bank of Indianapolis in 2023.
Freddie Mac?s? newly released 2024 Midyear Outlook forecasts multifamily performance to remain muted for the remainder of the year as the market works through a historically high supply of new units. The Midyear Outlook notes the economy is performing well overall, propelling multifamily demand, but a continuing supply and demand imbalance is contributing to slow rent growth.
Greystone, a leading national commercial real estate finance company, has provided a $15,486,000 Fannie Mae Delegated Underwriting & Servicing loan to refinance a 252-unit multifamily property in Albany, Georgia. Constructed in 1987, 509 North Apartments in Dougherty County is a garden-style apartment community with 14 buildings featuring one- and two-bedroom units.
After exhausting $2.5 million in just two months in 2023, the Federal Home Loan Bank of Indianapolis is relaunching the HomeBoost Down Payment Assistance Program with double the allocation this year ? $5 million to help with down payment, closing and counseling costs for minority and first-generation first-time homebuyers.
After exhausting $2.5 million in just two months in 2023, the Federal Home Loan Bank of Indianapolis is relaunching the HomeBoost Down Payment Assistance Program with double the allocation this year ? $5 million to help with down payment, closing and counseling costs for minority and first-generation first-time homebuyers.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.77 percent. "The 30-year fixed-rate mortgage fell to its lowest level since mid-March, dropping 12 basis points from last week,? said Sam Khater, Freddie Mac?s Chief Economist.
Freddie Mac today is reminding homeowners and mortgage servicers of its immediate relief options as hurricane season and wildfire season ramp up, including for those currently affected by Hurricane Beryl and the California wildfires.
The Federal Home Loan Bank of New York is pleased to announce that its Board of Directors has selected Jos? Rafael Fern?ndez, Steven M. Klein and William J. Turner, Jr. to serve as members of the Board.
?In an effort to promote and improve financial literacy among college-bound students and rising seniors in Indiana and Michigan, the Federal Home Loan Bank of Indianapolis has partnered with FHLBank Indianapolis members and leading community groups to award more than $100,000 in financial literacy scholarships through the Bank?s Money Masters Scholarship Program so far in 2024.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.89 percent. "Following June?s jobs report, which showed a cooling labor market, the 10-year Treasury yield decreased this week and mortgage rates followed suit,? said Sam Khater, Freddie Mac?s Chief Economist.
?In an effort to promote and improve financial literacy among college-bound students and rising seniors in Indiana and Michigan, the Federal Home Loan Bank of Indianapolis has partnered with FHLBank Indianapolis members and leading community groups to award more than $100,000 in financial literacy scholarships through the Bank?s Money Masters Scholarship Program so far in 2024.
?Two local organizations are combining efforts to increase downpayment assistance available to eligible Georgia homebuyers. The Federal Home Loan Bank of Atlanta and the Georgia Department of Community Affairs, which each offer downpayment assistance programs, are making it possible for homebuyers to receive funding from both programs for up to $27,500 to put toward downpayment and closing costs.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.95 percent. ?Mortgage rates increased this week, coming in just under seven percent,? said Sam Khater, Freddie Mac?s Chief Economist.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.86 percent. ?The 30-year fixed-rate mortgage continues to trend down, hitting the lowest level in almost three months,? said Sam Khater, Freddie Mac?s Chief Economist.
Freddie Mac? today published the company?s annual Sustainability Report, which provides details about the company?s 2023 sustainability strategy, activities and performance. The report highlights the company?s work to provide affordable, equitable and sustainable access to housing, financing for energy and water improvements, issuance of green bonds and many other initiatives.
Freddie Mac Multifamily?today announced the company will soon launch a new product offering, Multifamily Giant Participation Certificates, which are single-class pass-through securities collateralized by existing Freddie Mac Multi PCs? and/or Multifamily Giant PCs.
Freddie Mac today posted to its website its Monthly Volume Summary for May 2024, which provides information on Freddie Mac?s mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities and other investments. Freddie Mac?s mission is to make home possible for families across the nation.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.87 percent. ?Mortgage rates fell for the third straight week following signs of cooling inflation and market expectations of a future Fed rate cut,? said Sam Khater, Freddie Mac?s Chief Economist.
Greystone, a leading national commercial real estate finance company, announced that William ?Bill? Iacobucci has joined the firm as a Senior Director, Real Estate Lending.
Freddie Mac Multifamily today announced that it will soon go to market with the issuance of $186 million in Social Bonds supporting 641 rental homes for individuals with intellectual and developmental disabilities across 26 states.
The Freddie Mac Multifamily Apartment Investment Market Index? rose by 8.7% in the first quarter of 2024 as well as over the full year, with the annual index up 8.1%. The AIMI?s quarterly rise occurred nationwide and in all 25 regional markets, signaling a sharp reversal from the decline last quarter.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.95 percent. ?Mortgage rates continued to fall back this week as incoming data suggests the economy is cooling to a more sustainable level of growth,? said Sam Khater, Freddie Mac?s Chief Economist.
Freddie Mac today announced it will voluntarily delist its last remaining security trading on the New York Stock Exchange. Freddie Mac will take all necessary steps to delist the bond, including filing a Form 25 with the Securities and Exchange Commission and the NYSE after the ten-day notice period has elapsed. Freddie Mac?s mission is to make home possible for families across the nation.
Freddie Mac today released its 2023 Green MBS Impact Report showing the company issued $1.85 billion of Single-Family Green Mortgage-Backed Securities for the year. ?Freddie Mac?s 2023 Green MBS issuance increased by more than 35 percent over 2022, even as overall MBS market volume declined.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
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