Finance & Mortgage

SEC Sues Former Freddie Mac And Fannie Mae CEO's Over Subprime Loan Disclosures

30-Year Mortgage Rate Dips To Lowest Average Since 2023; Existing-Home Sales Rise

The average contract rate for a 30-year mortgage in the week ending Aug. 22 was 0.77% lower compared to the same week in 2023.
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Should You Wait for Mortgage Rates To Fall Before Buying a Home? Here’s What Experts Say

Mortgage rates have fallen to 6.49%, the lowest recorded in over a year. The housing market has been tough for hopeful buyers over the last few years, but with mortgage rates now declining, the market could potentially see a rise in demand.
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Median US Housing Payments Dropped by $250, Lowest Level Since February: Report

The median housing payment has declined to $2,588 as of Aug. 11. The median housing payment in the United States has dropped by nearly $250 as mortgage rates declined.
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