Freddie Mac’s in the news as mortgage rates fluctuate and housing markets face new challenges—it's the gov-backed giant shaping home loans since 1970.
As of early April 2026, US 30-year fixed mortgage rates have climbed to 6.37%, up from under 6% six weeks ago, driven by the Iran war's impact on energy prices and inflation fears. This rise is slowing US home sales and mortgage applications during the spring buying season. In the UK, house prices fell 0.5% in March, slipping below £300,000, with mortgage rates rising above 5%, signaling a cooling housing market.
Mortgage rates in the US and UK have increased following geopolitical tensions in the Middle East, with rates reaching levels not seen since late 2022. The rise is driven by higher oil prices and inflation fears, affecting homebuyers and refinancing activity amid economic uncertainty.
House prices in London have continued to decline, with a 3.3% annual drop, while other UK regions see modest growth. Rents in Great Britain have stopped rising for the first time since 2017, as supply increases and affordability pressures grow. Mortgage rates are easing but remain elevated amid geopolitical tensions.
Mortgage rates in the UK have declined following recent market reactions to global conflicts and economic uncertainty. Lenders are passing on savings from falling swap rates, but geopolitical tensions continue to cause market volatility, impacting borrowing costs and demand for home loans. The Bank of England's upcoming rate decision remains a key factor.