The 30-year fixed rate mortgage topped 7% for the first time since last May, although late in the week, the 10-year Treasury peaked before reversing course.

MCLEAN, Va., Jan. 27, 2025 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today posted to its website its Monthly Volume Summary for December 2024, which provides information on Freddie Mac’s mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities and other investments.

Fannie Mae and Freddie Mac's stock were downgraded to "underperform" by KBW as they are currently priced above its expectations.

Shares of Fannie Mae and Freddie Mac fell Monday after Keefe, Bruyette & Woods analysts downgraded the stocks to Underperform. Here's a look at the latest developments for the mortgage giants:

These are today's mortgage and refinance rates. Mortgage rates are likely to remain elevated until inflation comes down further.

The federal funds rate and mortgage interest rates are often expected to move together, but they haven’t lately. Here’s why.

In December, economists believe the overall PCE index rose 0.3% on a monthly basis and 2.6% on an annual basis, according to FactSet’s consensus estimates. They anticipate that the core measure of PCE inflation, which excludes volatile food and energy prices, rose 0.2% on a monthly basis and 2.8% over the past year.

AM Durable Goods Durable Goods Orders measure the change in the total value of new orders for long-lasting manufactured goods, including transportation items. Durable goods orders are expected to rise 0.

With President Donald Trump back in the White House, big economic shifts could be coming for housing and job markets across the country. From tariffs on building materials to deregulation in housing and a renewed push for domestic manufacturing,

Many economists have felt relief over continued GDP growth. But ongoing data releases suggest that the foundation of the economy — consumer spending — isn’t sustainable.

Freddie Mac’s average rate on a 30-year fixed-rate loan was 6.95% for the week ending January 30, virtually unchanged from a week ago. Elevated rates continue to keep many would-be buyers on the sidelines as housing affordability remains challenging.

Beeline Holdings, Inc (NASDAQ:BLNE) launched Beeline Labs, a new division dedicated to generating B2B SaaS revenue. As its first product, Beeline Labs introduces BlinkQC, an automated mortgage Quality Control (QC) solution designed to save lenders time and money while ensuring compliance with industry standards.