8legs: Freddie mac

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The average long-term U.S. mortgage rate slipped below 6% this week for the first time since late 2022, aiding spring home buyers as rates ease.
Lower rates may boost borrowing capacity, but buyers face price trajectories and seller competition that can offset affordability gains.
Refinancing activity remained a major driver of mortgage demand as rates eased, with refi loans making up the majority of applications.

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The White House unveiled a $200 billion mortgage bond program, aimed at lowering borrowing costs for homebuyers.
FHFA Director William J. Pulte said the move led to immediate rate declines, with mortgage costs at their lowest since early 2023.
Officials argued the policy would improve affordability and confidence in the housing market.
Pulte indicated potential IPO considerations for Fannie Mae and Freddie Mac were still uncertain.
Analysts observed a shift in mortgage spreads as risk moved out of the system.
The administration aimed to coordinate with homebuilders to increase housing supply.
Officials stressed the effort was designed to target affordability and market confidence in housing.
The move followed a broader inflation fight and policy changes affecting mortgage conditions.
Pulte said the policy aimed to lower borrowing costs and restore affordability for buyers.
Reporters noted the policy helped homebuyers gain purchasing power since 2022.

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