Freddie Mac finally fixed an online calculator that’s supposed to help people choose between renting and buying a home. Until now, the calculator had a fundamental (and revealing) flaw: It assumed home prices could never fall. Jacob Kosoff, an economist who was responsible for the calculator when he worked at Freddie Mac, talked to us earlier this year. He wanted to apologize.
Rent or buy? Freddie finally fixes calculator
Most Popular Articles
Latest Articles
Rocket delivers $291M profit amid improved margins and MSR acquisitions
The Detroit-based lender reported a GAAP net income of $291 million from January to March, its highest profit level in two years.