By Brena Swanson | HousingWire
Freddie Mac introduced its 3% down mortgage product back in December 2014 to help more first-homebuyers and other qualified borrowers jump into the market.
After two years and a significant push from Freddie Mac to make lenders comfortable, it still barely makes a dent in Freddie Mac’s first-time homebuyer portfolio.
But it’s only the beginning.