Fannie Mae, Freddie Mac Fixed Rates Hit 8% for Qualified Borrowers

Orange County Register, August 30, 2023–Jeff Lazerson
Circa 2000 was the last time I handed over a Fannie Mae 30-year fixed-rate mortgage at a lofty 8% interest rate to a homebuyer. Today, conjuring up a 20% down payment and a 699 middle FICO score means a buyer is looking at an 8.125% rate without points for a 30-year loan.