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Freddie Mac

US home sales rose in July as mortgage rates eased a bit and home prices grew more slowly
Aug 21, 2025

US home sales rose in July as mortgage rates eased a bit and home prices grew more slowly

Sales of previously occupied U.S. homes rose in July as homebuyers were encouraged by a modest pullback in mortgage rates, slowing home price growth and the most properties on the market in over five years. Existing home sales rose 2% last month from June to a seasonally adjusted annual rate of 4.01 million units, the […]

Average rate on a 30-year mortgage drops to lowest level since April
Aug 21, 2025

30-year mortgage rate steady at 10-month low

The average rate on a 30-year U.S. mortgage held steady this week at its lowest level in nearly 10 months, an encouraging sign for prospective homebuyers who have been held back by stubbornly high home financing costs. The long-term rate was unchanged from last week at 6.58%, mortgage buyer Freddie Mac said Thursday. A year […]

FILE - Federal Reserve Board of Governors member Lisa Cook, right, talks with Federal Reserve Chairman Jerome Powell before an open meeting of the Board of Governors at the Federal Reserve, June 25, 2025, in Washington. (AP Photo/Mark Schiefelbein, File)
Aug 20, 2025

Trump calls on Federal Reserve governor to resign after official accuses her of mortgage fraud

President Donald Trump urged Federal Reserve governor Lisa Cook to resign after a Trump administration official accused her of mortgage fraud, intensifying the administration’s push to reshape the central bank.

This July 13, 2008, file photo shows the Freddie Mac headquarters in McLean. (AP Photo/Pablo Martinez Monsivais)
Aug 8, 2025

Trump eyes Fannie Mae, Freddie Mac IPO in 2025

Trump plans to sell up to 15% of Fannie Mae and Freddie Mac stock, raising $30B and potentially reshaping the U.S. mortgage market.

Average rate on a 30-year mortgage drops to lowest level since April
Aug 7, 2025

Average rate on a 30-year mortgage drops to lowest level since April

The average rate on a 30-year U.S. mortgage has fallen to its lowest level in four months, welcome news for prospective homebuyers who have been held back by stubbornly high home financing costs. The long-term rate fell to 6.63% from 6.72% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged […]

Virginia’s Fortune 500 companies
Jul 29, 2025

Virginia’s Fortune 500 companies

Freddie Mac, the federally sponsored mortgage business headquartered in McLean, continues to be the top-ranked Virginia-based company at No. 38, down two spots from last year, with $122 billion in annual revenue Arlington County-based defense contractors RTX and Boeing were the second and third highest ranking companies based in Virginia, with RTX moving up one […]

This July 13, 2008, file photo shows the Freddie Mac headquarters in McLean. (AP Photo/Pablo Martinez Monsivais)
Jul 29, 2025

7 Virginia businesses land on Fortune Global 500

Virginia has seven businesses named to the Fortune Global 500 for 2025.

Compass sues Zillow over off-market listings ban
Jul 28, 2025

30-year mortgage rate dips slightly to 6.74%

The average rate on a 30-year U.S. mortgage eased this week, offering little relief for prospective homebuyers facing record-high home prices. The long-term rate slipped to 6.74% from 6.75% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.78%. Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home […]

This July 13, 2008, file photo shows the Freddie Mac headquarters in McLean. (AP Photo/Pablo Martinez Monsivais)
Jul 3, 2025

Average long-term US mortgage rate falls to 6.67%, the lowest level since early April

NEW YORK (AP) — The average rate on a 30-year U.S. mortgage fell for the fifth straight week to its lowest level since early April, an encouraging sign for potential buyers who have wrestled with rising home prices. The long-term rate fell to 6.67% from 6.77% last week, mortgage buyer Freddie Mac said Thursday. A year […]

Average long-term US mortgage rate eases to 6.81%, the third consecutive weekly decline
Jun 18, 2025

Average long-term US mortgage rate eases to 6.81%, the third consecutive weekly decline

The average rate on a 30-year U.S. mortgage eased for the third week in a row, a welcome trend for prospective homebuyers at a time when elevated borrowing costs remain a drag on the housing market. The long-term rate fell to 6.81% from 6.84% last week, mortgage buyer Freddie Mac said Wednesday. A year ago, the […]

30-year mortgage rates climb to 6.89%, highest since Feb
Jun 2, 2025

30-year mortgage rates climb to 6.89%, highest since Feb

U.S. 30-year mortgage rates rise to 6.89%, their highest level since February, pushing borrowing costs up and slowing home sales.

Freddie Mac headquarters in McLean. Photo courtesy Freddie Mac
Jun 2, 2025

41 Virginia companies made the 2025 Fortune 1000

Forty-one companies headquartered in Virginia made the grade in Fortune magazine’s 71st annual Fortune 1000 list, and 25 Virginia companies are on this year's elite Fortune 500.

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