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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
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
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 […]
7 Virginia businesses land on Fortune Global 500
Virginia has seven businesses named to the Fortune Global 500 for 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 […]
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
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
U.S. 30-year mortgage rates rise to 6.89%, their highest level since February, pushing borrowing costs up and slowing home sales.
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.
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 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.
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.
