
Walker & Dunlop to benefit from stronger GSE volumes, says Keefe Bruyette
Keefe Bruyette says Friday's Commercial Mortgage Alert characterized Fannie Mae (FNMA) and Freddie Mac (FMCC) as 'leaning in on price and structure' to gain market share, with some sources saying they aim to achieve this year's lending caps. The article also cites data from Recursion, showing Fannie Mae's volumes through May at $22.8B, up 48% year-over-year, while Freddie Mac is cited as flat year-over-year through April, the analyst tells investors in a research note. Keefe believes that while macro uncertainty is a risk, stronger government sponsored entity volumes benefit Walker & Dunlop (WD) in particular, as well as Arbor Realty (ABR), CBRE Group (CBRE), JLL (JLL), and Newmark (NMRK).
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Yahoo
5 hours ago
- Yahoo
Mortgage rates under 7% as housing leans into buyer's market
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Associated Press
7 hours ago
- Associated Press
Average long-term US mortgage rate ticks down to 6.84% this week, a second straight small decline
WASHINGTON (AP) — The average rate on a 30-year U.S. mortgage fell modestly for the second straight week, but home borrowing costs remain elevated. The long-term rate inched back to 6.84% from 6.85% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.95%. Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, declined to 5.97% from 5.99% last week. The average a year ago was 6.17%, Freddie Mac said. Mortgage rates are influenced by several factors, from the Federal Reserve's interest rate policy decisions to bond market investors' expectations for the economy and inflation. The key barometer is the 10-year Treasury yield, which lenders use as a guide to pricing home loans. The 10-year Treasury yield was at 4.38% at midday Thursday, down from 4.58% just a few weeks ago.


Bloomberg
7 hours ago
- Bloomberg
US Mortgage Rates Tick Down, Sending 30-Year Average to 6.84%
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