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Freddie Mac Now Offering 3% Down Payments

Freddie Mac are now offering mortgages with down payments of only 3 percent — the first time they’ve been this low on the GSE’s loans in nearly five years. This move is expected to make more credit available to entry-level borrowers. “By launching our 3 percent down payment mortgage now, at the start of the spring […]

Pending Home Sales in February Rose to their Highest Level Since June 2013

Pending home sales in February increased to their highest level since June 2013, largely due to strong sales in the Midwest and West offsetting slower sales in the Northeast and South, as reported by the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator based on contract signings, rose 3.1 percent to 106.9 in February from […]