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Freddie Mac

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.

A for sale sign with a home in the background
May 1, 2025

Average rate on a US 30-year mortgage eases to 6.76%, its second straight weekly decline

U.S. mortgage rates dipped to 6.76%, offering slight relief to buyers, but high costs and rising home prices continue to dampen spring housing activity.

Top Five December 2024
Apr 30, 2025

Top Five May 2025

The top five most-read daily news stories on VirginiaBusiness.com from March 11 through April 11 included news of major layoffs from a federal contractor in Northern Virginia.

FILE - A "For Sale" sign is displayed in front of a home in Des Plaines, Ill., Monday, Aug. 26, 2024. (AP Photo/Nam Y. Huh, File)
Apr 24, 2025

Average US rate on a 30-year mortgage eases to 6.81%, hovering near highest level in over two months

The average rate on a 30-year mortgage in the U.S. eased this week, though it remains close to its highest level in more than two months. The rate fell to 6.81% from 6.83% last week, mortgage buyer Freddie Mac said Thursday.

Average US rate on a 30-year mortgage climbs to 6.83%, highest level since late February
Apr 21, 2025

Average US rate on a 30-year mortgage climbs to 6.83%, highest level since late February

The average rate on a 30-year mortgage in the U.S. climbed to its highest level in eight weeks, a setback for home shoppers in the midst of the spring homebuying season. The rate rose to 6.83% from 6.62% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 7.1%. Borrowing costs […]

Real Estate and Construction: Stagnant with some silver linings
Apr 11, 2025

Average US rate on a 30-year mortgage falls to 6.62%, easing for the third week in a row

The average rate on a 30-year mortgage in the U.S. declined for the third week in a row, another positive move for prospective homebuyers during what’s traditionally the housing market’s busy season. The rate fell to 6.62% from 6.64% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.88%. The […]

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