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Mortgage rates rose sharply this week in their biggest jump since April, bringing the average rate for a 30-year fixed note to 6.32% as demand fell for a second straight week.

Freddie Mac

New York City

New York

Fox Business

Mortgage rates surge higher, further hurting demand

Meridian Capital’s long timeout from Freddie Mac (FMCC) might finally be over.  Brian Brooks, CEO of the New York-based brokerage, announced in a company memo that in January Freddie Mac will lift a policy it placed on Meridian that banned the brokerage from placing deals through lenders that are Freddie Mac seller-servicers. 
Freddie Mac had announced the penalty in November 2023 after it flagged the origination methods of a loan brokered on be…

Colorado

Commercial Observer

Freddie Mac Lifts Agency Dealmaking Ban on Meridian Capital Group

The prominent residential complex is comprised of three towers and dates to the 1980s.

Detroit, Michigan

Detroit

Detroit Free Press

Report: Detroit's Riverfront Towers falls into delinquency

There is now a formal industry standard for consumers to request a reconsideration of the appraiser’s value opinion.

Fannie Mae

corelogic.com

Updating Reconsideration of Value Requirements

A member of Congress is asking for answers from Freddie Mac about how one of its former employees managed to work as a high-ranking D.C. government official and serve on the Falls Church City Council while simultaneously working for the mortage giant.

District of Columbia

NBC Washington

Congressman urges investigation into how ex-DC official's job at Freddie Mac went unnoticed

By Leslie Shaver of Multifamily Dive, The more-than-$80 million Freddie Mac commercial mortgage-backed securities loan for the rental portion of

altnews.org

Loan For Once-Iconic Detroit Tower Goes Delinquent – altnews.org

The 30-year mortgage rate is averaging  6.12%, Freddie Mac said in its latest weekly survey on Thursday.

MarketWatch

Mortgage rates rise amid geopolitical tensions and uncertainty over future Fed cuts

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Weekly Real Estate News

Mortgage to Income Ratio

Morning Sun

abc News

The Business Journals

The average rate on a 30-year mortgage in the U.S. rose for the third week in a row, reaching its highest level in eight weeks.



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Average rate on a 30-year mortgage in the US rises to the highest level in 8 weeks

Freddie Mac reports the 30-year fixed mortgage rate averaged 6.32% for the week ending Oct. 10 — up from 6.12% last week.

Dayton, Ohio

Dayton

U.S. mortgage rates jump again following dips

Guild Mortgage announced on Thursday that it has hired Nora Guerra, who worked at Freddie Mac for more than five years, as its senior vice president of community lending solutions.A mortgage industry veteran with over 25 years of experience, Guerra has recently served as senior manager of national affordable lending at Freddie Mac, joining the government-sponsored (GSE) enterprise in 2019. The executive has also advocated for Latino housing equa…

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