The average rate on the 30-year fixed mortgage rose this week to 6.81%, according to the latest Freddie Mac data released on Thursday. That is up from last week's reading of 6.76%.
The average rate on the 30-year fixed mortgage remained flat this week at 6.76%, according to the latest data from mortgage buyer Freddie Mac released on Thursday.
The average rate on the 30-year fixed mortgage fell this week to 6.76%, according to the latest Freddie Mac data released on Thursday. That is up from last week's reading of 6.81%.
The average rate on the 30-year fixed mortgage fell this week to 6.81%, according to the latest Freddie Mac data released on Thursday. That's up from last week's reading of 6.83%.
Freddie Mac shares are volatile but present a strong buy opportunity, with potential for significant gains if privatization is implemented, targeting $15-$30 per share. The Department of Government Efficiency's cost-cutting measures and political support are key catalysts for Freddie Mac's potential privatization and improved operational efficiency. The valuation upside remains substantial, with potential for a 500% increase if privatization occurs, despite recent market volatility and sector median valuation declines.
Willy Walker, Walker & Dunlop chairman and CEO, joins CNBC's 'Squawk on the Street' to discuss the potential impact of privatizing Freddie Mac and Fannie Mae on the housing sector.
Fannie Mae FNMA+1.30% and Freddie Mac FMCC+0.84%shares have rallied on hopes of a conservatorship-free future as questions remain about its government backing. Without it, home values won't slide, and the economy won't suffer, one analyst writes.
"There are no plans to do anything as it relates to the conforming loan limit," said Bill Pulte, FHFA director. It now stands at $806,500, an increase of $39,950 (or 5.2%) from 2024.
Last month, new Treasury Secretary Scott Bessent said that the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) could get released from government conservatorship if doing so doesn't push up mortgage rates.
In his first full week as head of the Federal Housing Finance Agency, home-builder heir and former private-equity executive William Pulte ousted more than a dozen board members at mortgage giants Fannie Mae and Freddie Mac.
The U.S. Senate voted Thursday to confirm William Pulte to serve as the next director of the regulator charged with overseeing housing giants Fannie Mae and Freddie Mac.
Fannie Mae and Freddie Mac offer significant upside potential if they exit conservatorship, but the investment carries high risk due to uncertainties. Fannie Mae is more attractive than Freddie Mac due to its larger scale, higher operating margins, and quicker path to exiting conservatorship. If equity is raised through an IPO, Fannie Mae wouldn't need to dilute its common shares as much as Freddie Mac.