Freddie Mac

Are you ready for homeownership but not sure if it's financially in the cards? Our calculator can help you compare the costs between renting and buying so you can get a better idea of what works best for your budget and lifestyle.

Should I rent or buy? Understand the financial differences between renting and owning a home.

Mortgage rates increased, with the 30-year fixed-rate mortgage averaging 6.77%.
freddiemac.com/pmms

Mortgage Rates On the heels of consumer prices rising more than expected, mortgage rates increased this week. The economy has been performing well so far this year and rates may stay higher for longer, potentially slowing the spring homebuying season. According to Freddie Mac data, mortgage applications to buy a h...

Credit is at the heart of financial health — it can determine whether you can buy a home or go on that bucket list vacation. Learn how to build your credit, improve your financial wellness and start living the life you've always dreamed of with CreditSmart® Essentials.

Freddie Mac CreditSmart® Essentials Want to know more about managing money or building good credit? Learn while you set your goals and track your progress on your terms.

Are you and your partner ready to buy property? If you think it's the right time for your relationship, it's equally important to consider if it's the right time for the market and your finances. ⏰❤️🏠📈

We're no relationship experts, but we do have our finger on the housing market pulse. We've outlined everything you should know about the current conditions of home prices, mortgage rates and the housing supply — scroll through to find out if now is a good time to buy. https://myhome.freddiemac.com/blog/homebuying/is-now-a-good-time-to-buy

Do you know how long unpaid credit card balances stay on your file? It might be longer than you think...

No only can unpaid credit card balances cost you hundreds of dollars in interest, they can also damage your credit score and stay on your history for years. Credit matters when applying for a home loan, apartment or insurance — follow our tips so you can build and maintain a good score.
https://myhome.freddiemac.com/blog/financial-education/20210713-credit-matters

If you're struggling to pay your rent, there are several steps you can take to protect your housing while facing a financial hardship. Explore our resources so you can keep a roof over your head.

Struggling to Pay Your Rent? Know Your Options If you are struggling to pay rent due to a financial hardship, there are several steps you can take to help keep a roof over your head.

Saving money over time can be daunting, but it’s important to understand the importance of taking small, consistent steps on your savings journey. Follow these tips to best preserve your savings goals. https://myhome.freddiemac.com/blog/financial-education/how-set-and-preserve-financial-goals

Mortgage rates increased, with the 30-year fixed-rate mortgage averaging 6.64%.
freddiemac.com/pmms

Mortgage Rates Although affordability continues to impact homeownership, the combination of a solid economy, strong demographics and lower mortgage rates are setting the stage for a more robust housing market. Mortgage rates have been stable for nearly two months, but with continued deceleration in inflation, rate...

Is your credit score non-existent? Skipping out on building credit can hinder your opportunities, like getting accepted for a home loan or applying for an apartment. Check out our credit-building tips so you can unlock your financial freedom.

How to Start Building Your Credit History If you don't have a credit history, there are a number of strategies you can apply to build good credit.

Financial emergencies can take many forms, such as a sudden loss of income or unexpected expenses from storm damage or medical bills. Though it's impossible to be prepared for every disaster scenario, learn how to build resilience by creating an emergency savings plan. https://myhome.freddiemac.com/blog/financial-education/are-you-financially-prepared-emergency

Do you have big financial plans for 2024? Whether you're saving up for college or your dream home, our budget worksheet can help you track your monthly expenses, adjust your spending habits and get you on track to achieve your goals.

Budget Worksheet Use our budget worksheet to calculate where you are spending your money. Once you have a better idea of your current spending habits, you can make adjustments to reach your financial goals.

Think you're ready for homeownership? Figuring out how much home you can responsibly afford is an important question to answer and a critical first step to take before you can begin house hunting. Take our quiz to test your knowledge and see how prepared you are. 🤔🏠 https://bit.ly/3utuRx5

Spending no more than 30% of your monthly income on rent ensures a fine balance between comfort and affordability. Everyone’s financial situation is unique — if you're starting your apartment search, learn how to factor upfront and recurring rent costs into your monthly budget.

How to Budget for Upfront and Recurring Rent Costs It’s important to consider how additional costs associated with your new apartment factor into your monthly budget.

Mortgage rates decreased, with the 30-year fixed-rate mortgage averaging 6.63%.
freddiemac.com/pmms

Mortgage Rates Although affordability continues to impact homeownership, the combination of a solid economy, strong demographics and lower mortgage rates are setting the stage for a more robust housing market. Mortgage rates have been stable for nearly two months, but with continued deceleration in inflation, rate...

One of the most important decisions of your homebuying journey is how much you're willing to spend to ensure sustainable homeownership. Luckily, there are several affordable housing options that can help you match your lifestyle wants with your budget needs. https://bit.ly/3Oqqkm7

Homeownership is one of largest financial commitments you'll make in your entire life. If you're struggling to make your mortgage payments, our Borrower Help Centers offer free assistance and resources to get your finances back on track so you can avoid foreclosure. Connect with a housing counselor today.

Freddie Mac Borrower Help Centers and Network If your loan is owned by Freddie Mac and you’re struggling to make your mortgage payments, help is available – in person or over the phone.

Ensuring long-term homeownership starts with knowing how much home you can comfortably afford. In addition to the initial down payment, you'll also want to account for your monthly mortgage, utilities and maintenance expenses. Use our calculator to break down your homebuying budget.

How Much Home Can I Afford? We're breaking down the factors that help determine how much home you can afford, which is an estimate you'll need to make before you begin house hunting.

Are you financially ready for a mortgage? One important factor to consider is your debt-to-income ratio (DTI). Most lenders consider a 25% or less DTI as mortgage ready - use our guide to determine if you're one step closer to homeownership. https://bit.ly/3OjO0bu

Freddie Mac - We Make Home Possible We are supporting America's homeowners and renters while serving as a stabilizing force in the U.S. housing finance system.

Whether you're a seasoned renter or looking for your first apartment, taking stock of your finances is critical to your rental journey. Follow our tips so you can better understand how your rental can fit within your budget and larger financial goals. https://bit.ly/42cit16

Mortgage rates increased, with the 30-year fixed-rate mortgage averaging 6.69%.
freddiemac.com/pmms

Mortgage Rates The 30-year fixed-rate has remained within a very narrow range over the last month, settling in at 6.69% this week. Given this stabilization in rates, potential homebuyers with affordability concerns have jumped off the fence back into the market. Despite persistent inventory challenges, we anticipa...

How you feel about money is important because it affects how you think, and how you think affects how well you make financial decisions. 🧠💵 Learn how to recognize negative behaviors so you can change your money mindset for the better. https://myhome.freddiemac.com/blog/financial-education/how-your-mindset-toward-money-affects-your-financial-decisions

Is it better to rent or buy a home? Depending on your financial situation, future plans and lifestyle, there are pros and cons to both. Explore your options so you can determine which path is right for you. https://bit.ly/3vQudKz

Are you ready to make the leap from renting to homeownership? Use our calculator to compare both types of housing expenses side-by-side and decide which one suits your lifestyle and budget.

Should I rent or buy? Understand the financial differences between renting and owning a home.

Debt can get in the way of precious moments, like going out with friends or pursuing your passion. With CreditSmart®, learn how to better manage your money so you can focus less on finances and more on spending time doing what you love.

Freddie Mac CreditSmart® CreditSmart® is financial and homeownership education and on your terms.

There are several factors that go into your credit score — do you know each one? Test your knowledge and take a closer look at each component to see how they weigh into your credit. https://myhome.freddiemac.com/blog/financial-education/20210831-factors-credit-score

Mortgage rates decreased, with the 30-year fixed-rate mortgage averaging 6.60%.
freddiemac.com/pmms

Mortgage Rates Mortgage rates decreased this week, reaching their lowest level since May of 2023. This is an encouraging development for the housing market and in particular first-time homebuyers who are sensitive to changes in housing affordability. However, as purchase demand continues to thaw, it will put more ...

Reach your financial goals sooner through wiser saving and spending habits this year. By managing debt, you can improve your credit score and access more financial opportunities, like applying for a student loan or a mortgage. Explore our strategies aimed toward reinforcing your financial footing.

Improve Your Financial Health by Managing Debts and Expenses Learn more about prioritizing different types of debts and expenses.

When it comes to your financial health, credit matters. Here are three reminders to help you keep your credit on track this year. https://bit.ly/48XIvY8

If you received a letter that your mortgage was sold, don't stress — you don't have to take any action. Lenders selling home loans to other companies, like Freddie Mac, is common practice. Learn more about this routine process and what this means for your mortgage.

Borrower notification letter FAQs - My Home by Freddie Mac Did you receive a Borrower Notification Letter from Freddie Mac? Learn more about what it is and what you should do next.

The good thing about credit scores is that they're not permanent — if your finances have hit a rough patch, follow our guidelines to assess your situation and take action to improve your credit. https://bit.ly/48HPZ1g

Freddie Mac - We Make Home Possible We are supporting America's homeowners and renters while serving as a stabilizing force in the U.S. housing finance system.