Displaying posts tagged with: Single-Family

The Cost of Moving In

The Cost of Moving In

Whether you're moving across town or across the country, you'll need to budget for the cost of transporting yourself and everything you own to a new home. More

Many Returns of the Day, USDA!

Many Returns of the Day, USDA!

Congratulations to the U.S. Department of Agriculture (USDA) Rural Development on its Single-Family Housing Guaranteed Loan Program's 25th anniversary! Freddie Mac looks forward to working together even more closely over the next 25. More

$650 Billion And Going Strong

$650 Billion And Going Strong

We're celebrating an important corporate milestone – the transfer of a significant amount of mortgage credit risk on $650 billion in unpaid principal balance of single-family and multifamily loans. More

HARP: Two Ways to Save

HARP: Two Ways to Save

HARP, a federal program launched to help homeowners who owe more on their home than it's worth, helps borrowers save in two ways: through lower rates and lower terms. Find out if you're eligible for HARP and act fast as the program ends soon! More

Freddie Mac Earns Three Mortgage-Backed Securities Awards

Freddie Mac Earns Three Mortgage-Backed Securities Awards

For the second consecutive year Freddie Mac's Structured Agency Credit Risk (STACR®) debt notes have been named RMBS Deal of the Year by Global Capital, a leading financial news and data service covering the capital markets. Freddie Mac also earned top honors for Best Overall Securitization Issuer and Best RMBS Issuer. More

Down Payments: There's Help for That

Down Payments: There's Help for That

"If only I could afford the down payment, I could buy that home.” You might be able to do both. An acceptable down payment might be smaller than you think (hint: less than 20%). On top of that, you might be eligible for down payment assistance. More

Dear Seller, Pick Me

Dear Seller, Pick Me

Congratulations, you’ve found the home of your dreams! Before you submit an offer, you may want to include one thing to set you apart from the competition — a letter to the seller. More

Who Let the Bugs In?

Who Let the Bugs In?

Spring has sprung and so have the bugs and rodents seeking to invade homes. Whether you are looking at homes to purchase or are a homeowner, there's no time like the present to inspect a home's exterior, especially after the long winter season, which can make it more inviting to house-hunting pests. More

Get Ready, Here Comes Winter

Get Ready, Here Comes Winter

Winter is off to a mild start in many places across the country but, depending on where you live, that’ll change soon enough. So take this time to prepare yourself and your home for the wintry weather ahead. More

Home Inspections: What to Expect

Home Inspections: What to Expect

Home inspections are so important because they give you the opportunity to thoroughly inspect the home with a professional before you spend any of your hard-earned money to buy it. Here's what you can expect from yours. More

10 States with the Highest Foreclosure Rates

10 States with the Highest Foreclosure Rates

The national foreclosure rate reached a 19-month high in May, according to real estate information company RealtyTrac. As reported in USA Today, the rise is largely the result of a bottleneck of older foreclosures finally being pushed through the process. More

May Home Sales

May Home Sales

With new home sales data out for May, we're currently running 17,000 home sales (non-seasonally adjusted) above the May 2013 rate keeping us on track for the best year in home sales since 2007. More

4 Reasons Home Sales Are Surging

4 Reasons Home Sales Are Surging

Reports the Associated Press: "Home sales are on pace for their best year since 2007. First-time buyers are streaming back into the market." Why all the activity now after so many years of sluggishness? More

What Home Means

What Home Means

In honor of National Homeownership Month and our important mission to make home possible we asked, "What does home mean to you?" See what people from across the nation said. More

Use Your Assets

Use Your Assets

Good news for retiring Baby Boomers and other savvy homebuyers who have limited incomes but substantial financial assets – these will help you to qualify for a low-rate mortgage. More

Best Bang for the Condo Buck

Best Bang for the Condo Buck

In today's purchase market, condos could be the answer for many first-time homebuyers and those with lower and/or limited incomes. See where you get the best bang for your buck. More

In Good Faith

In Good Faith

Closing costs average about $2,539 – so it's important to understand what your costs will be before you commit to the loan. That’s where the Good Faith Estimate comes in. More

529: It's not Just for College Savings

529: It's not Just for College Savings

529 is not just a college savings plan. It's also the amount of the reduction in your monthly mortgage payment had you completed a Home Affordable Mortgage Program (HAMP) loan modification over the last five years. Learn if HAMP is right for you. More

Who's Who?

Who's Who?

The homebuying process: It's exciting, can be intimidating and there are a lot of people involved. The good news? All these people work hard to make your experience as smooth as possible, including several that will hold your hand throughout the process. Let us introduce you. More

Taking Responsibility

Taking Responsibility

While shopping for your home is fun and exciting, it's important to remember the responsibilities and financial commitments you’ll have as a homeowner. Saving for your down payment and signing on the dotted line are simply the first steps to homeownership. More

It's a Wrap

It's a Wrap

Did you know it's the last day of National Homeownership Month? Today we wrap-up our month-long blog series and recap the favorites. More

Housing Markets Show Little Improvement

Housing Markets Show Little Improvement

Most housing markets remain weak despite declining mortgage delinquencies, improving local employment, house price gains and attractive mortgage rates due to weak home purchase mortgage applications according to Freddie Mac's new housing stability index aka MiMi. More

Are Americans Paying More or Less for Housing?

Are Americans Paying More or Less for Housing?

Did you know that in some states like Maine 3.3% more of its homeowners were spending more than 30% of their income on housing in 2012 than they were in 2005? In California, the opposite occurred. Looking at renters, we see an almost unilateral increase in their cost burden during the same time period. More

Five Generations in Housing

Five Generations in Housing

Did you know that 76% of first-time homebuyers are Gen Y? And that only 55% of The Silent Generation finances their home purchase? No matter our age, we all play an important role in today’s housing market. More

Down Payments and PMI: Get the Low Down

Down Payments and PMI:  Get the Low Down

If you're in the market to buy a home, you've probably heard the rule of thumb that you shouldn't buy a home unless you can put down 20% to avoid paying Private Mortgage Insurance (PMI). Why is 20% the magic number and what is PMI? More

Dissecting High, Medium and Low Homeownership Rates

Dissecting High, Medium and Low Homeownership Rates

Did you know homeownership rates are very high (80 percent or more) in former Eastern Bloc nations like Romania (97 percent), Slovakia (90 percent), and Bulgaria (87 percent) because a wave of mass privatization following the fall of Communism in the 1990s enabled families living in public housing to take title to their flats at little or no cost? More

Millennials Hold on Homeownership

Millennials Hold on Homeownership

Did you know that the homeownership rate for young Americans under 35 is at its lowest ever? The rate is down to 36 percent for Millennials, our largest generation making up 25 percent of the U.S. population. More

Use Your Assets

Use Your Assets

Did you know that you can use your financial assets to qualify for a conforming, conventional mortgage? More

Small Towns, Odd Names: We're Here

Small Towns, Odd Names:  We're Here

Whether you live in New York City with over eight million others or Chicken, AK with just seven, we’re funding loans right where you live. Big or small, north or south, whatever the name, we’re here. More

One Loan Per Second

One Loan Per Second

Did you know that it used to take up to two years’ worth of documentation and two months wait time to find out if your mortgage would be approved? More

Buying a Home? Get CreditSmart

Buying a Home? Get CreditSmart

There’s a good reason why we dream of owning a home. And, there's also a good reason to prepare and become financially literate first. Why? Because educated borrowers are better prepared for successful, long-term homeownership and overall financial stability. Get smart through CreditSmart, our free financial education program. More

All in the Family

All in the Family

Did you know that 14 percent of recent homebuyers purchased a home to accommodate growing households as their adult children, siblings or aging parents move in? More

Fixing to Sell REO in Today's Market

Fixing to Sell REO in Today's Market

In order to compete for value conscious buyers in today's market, Freddie Mac's HomeSteps® sales division repaired nearly half of the REO homes it sold in 2013, up from about a third in a typical year. Examples of winning kitchen and bathroom upgrades can be seen here. More

Bigger Pinch: Housing Affordability

Bigger Pinch: Housing Affordability

So where’s the most affordable place to buy a home for the typical family? You might be surprised. The NYC metro is actually more affordable than Boulder, San Jose and Barnstable Town, MA. The most affordable metro area in the country is now Decatur, IL. More

Mansion or Yurt: What Can You Afford?

Mansion or Yurt: What Can You Afford?

Dreaming of owning a home and wondering how much you can afford? You're not alone. It's one of the most important questions you'll need to answer before you can begin house hunting – and many factors, aside from your income and car payment, come into play. More

Harp, Harp, Harp

Harp, Harp, Harp

If you owe more on your mortgage than your home is worth and haven’t refinanced into a lower interest rate, this HARP is for you. More

What's the Point?

What's the Point?

Your financial house is in order and you're ready to make your dream of homeownership a reality. Now it's time to get a mortgage. As you shop around, you'll see that many lenders offer a menu of mortgage rate-point combinations. So what are these so called "points" and is there a point in paying them? More

Hot or Not?

Hot or Not?

Whether you live in a hot or cold real estate market could be the best determinant for setting your home’s listing price. New research shows that the largest driver for the optimal initial listing strategy is the health of the local market, not the underlying value of the home. More

Do You Know How You're Scored?

Do You Know How You're Scored?

Your FICO® score is an important part of a lender’s credit decision, influencing the credit that’s made available to you and the terms that you’re offered. It’s calculated using information from several pieces of data from your credit report. Scores range from 300 (worst) to 850 (best). Find out how a FICO Score breaks down. More

Mortgage Rates: From Dirt Cheap, to Cheap

Mortgage Rates: From Dirt Cheap, to Cheap

The same home you considered buying a year ago with a $200,000 mortgage would now cost about $90 more in interest payments per month, or about $1,080 per year, given the general rise in mortgage rates since last year. But let's put this increase into perspective – and take the long view. More