The avg. 30yr FRM falls to 7.09% freddiemac.com/pmms

Chief Economist Sam: “After a five week climb, mortgage rates ticked down following a weaker than expected jobs report.'

Given the volatile market, Deputy Chief Economist 📈 Len Kiefer 📊 says it's hard to predict just how much higher interest rates could rise. Check out Money's latest article to find out what he expects for the long term and what homebuyers can focus on in the meantime.

The avg. 30yr FRM rises to 7.22% freddiemac.com/pmms

Chief Economist Sam: 'With two months left of the Spring Homebuying Season, the 30-year fixed-rate mortgage increased again but many potential homebuyers seem to have acclimated to these higher rates.'

Our Equitable Housing Finance Plan is a roadmap to expand housing opportunities for underserved communities across the country. Check out our performance report for 2023 along with revisions to our 2024 objectives and actions within the three-year plan.

FHFA today released its Fair Lending, Fair Housing, and Equitable Housing Finance Plans Final Rule, together with Fannie Mae’s and Freddie Mac’s (the Enterprises) Equitable Housing Finance Plans for 2024 and Performance Reports for 2023. fhfa.gov/Media/PublicAf…

Our Single-Family Green MBS program finances the purchase of mortgages that align with the International Capital Market Association’s (ICMA) Green Project categories that contribute to climate change mitigation and adaptation. Discover how we're addressing their core principles.

To reiterate our commitment to sustainable rental housing, we offer Impact Bonds, comprising of Green, Social and Sustainability Bonds, that target a specific impact area relating to certain environmental or social challenges. Discover how we're delivering on each.

The avg. 30yr FRM rises to 7.17% freddiemac.com/pmms

Chief Economist Sam: 'With rates staying higher for longer, many homebuyers are adjusting, as evidenced by this week’s report that sales of newly built homes saw the biggest increase since December 2022.'

Housing demand is making a healthy recovery compared to last year. Purchase demand growth is spread throughout the country, but the most considerable growth is coming out of midwestern and southern states. However, some previously hot markets are moderating.

The avg. 30yr FRM rises to 7.10% freddiemac.com/pmms

Chief Economist Sam: “As rates trend higher, potential homebuyers are deciding whether to buy before rates rise even more or hold off in hopes of decreases later in the year.'

Part of our mission at Freddie Mac is to mitigate uncertainty by providing stability and sustainability to the housing finance system so it continues to work for current and future generations. Discover how we're delivering on this enterprise-wide strategy.

The average American spends over a third of their lifetime working, which is why where you choose to work is an important decision. Find out why Dionne Wallace Oakley believes that our mission of making home possible is what sets Freddie Mac apart from other companies.

The avg. 30yr FRM rises to 6.88% freddiemac.com/pmms Chief Economist Sam: “Mortgage rates have been drifting higher for most of the year due to sustained inflation and the reevaluation of the Federal Reserve’s monetary policy path.'

In the past year, we've made meaningful progress on our mission, but there’s still work to be done. After his first year at Freddie Mac, Sonu Mittal, SVP and Head of Single-Family Acquisitions, is excited to continue reimagining our products and delivering on our goals in 2024.

We are honored to have been recognized by EnvironmentalFinance for our commitment to helping overcome environmental or social challenges in affordable housing. Learn how our award-winning Impact Bonds are supporting our broader mission.

While there are hundreds of down payment assistance (DPA) programs in the market, there hasn’t been a consistent way to match the right program and resources to individual borrowers' specific needs. That's why Freddie Mac created DPA One® – see how it's breaking down barriers.

The avg. 30yr FRM rises to 6.82% freddiemac.com/pmms Chief Economist Sam: 'We do not expect mortgage rates to decrease meaningfully in the near-term. On the plus side, inventory is improving somewhat, which should help temper home price growth.”

Dive deeper into our latest monthly outlook and spotlight for more #HousingMarket insights and expectations.

The avg. 30yr FRM falls to 6.79% freddiemac.com/pmms Chief Economist Sam: “Mortgage rates moved slightly lower this week, providing a bit more room in the budgets of some prospective homebuyers.'