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See today's average mortgage rates for a 30-year fixed mortgage, 15-year fixed, jumbo loans, refinance rates and more — including up-to-date rate news.
Rates for home loans fell for the fourth straight week, even as the specter of higher borrowing costs looms ahead. ... USA TODAY. February 13, 2025 at 10:29 AM ... and Fannie Mae’s economics ...
Fannie Mae now predicts rates will end the year at 6.4%, up from the 5.9% predicted a month ago. Sellers also seem to be coming to terms with the “new normal” of higher rates and may be more ...
Read more: Mortgage rates today, May 10, 2024: ... Fannie Mae, a government-backed mortgage institution, increased its year-end prediction to 6.4% from 5.9% earlier this year.
The homeowner must not have a previous HARP refinance of the mortgage, unless it is a Fannie Mae loan that was refinanced under HARP during March–May 2009. The homeowner must be current on their mortgage payments, with no (30-day) late payments in the last six months and no more than one late payment in the last twelve months.
With passage of the economic stimulus package in 2008, Fannie Mae and Freddie Mac were temporarily authorized to purchase loans in high-cost areas, up to 125% of the area's median home price, not to exceed $729,750, except in Alaska, Hawaii, Guam, and the US Virgin Islands, where higher limits may apply. [1]
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