What a Difference a Day Makes! The 30-year mortgage rate dropped 30 basis points on January 6, 2023 perhaps based on optimism from data showing a deceleration in hourly wage growth.
The “Conforming” Mortgage As Bankrate.com explains, a conforming mortgage is one eligible for a guaranty by one of the government-sponsored entities, such as
Understanding Fannie and Freddie Bankrate.com offers a helpful primer on the roles of Fannie Mae and Freddie Mac in the residential mortgage world.