The Fed Isn't in a Rush to Help Mortgage Rates Fall [CNET News]
First American Corporation (New) (FAF)
Last first american corporation (new) earnings: 4/23 06:45 am
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Source: CNET News
And after nearly two years of steep mortgage rates homebuyers have been waiting for that pot of gold at the end of the rainbow. Except it's hard to even see a rainbow in today's gray housing market At Wednesday's Federal Open Market Committee meeting , the Fed voted to once again leave its benchmark short-term interest rate, the federal funds rate, unchanged. Since inflation has barely budged and the labor market appears strong , investors and economists are pushing back the timeline for future interest rate cuts. The Fed doesn't directly set mortgage rates , but its decisions influence different credit markets. When the benchmark rate is adjusted up or down, mortgage rates tend to move in tandem, which has a broader impact on the housing market . Mortgage rates also move preemptively, responding to the market's mere anticipation of rate hikes or rate cuts. Most experts predict the Fed will start lowering interest rates later this summer and that mortgage rates will inch closer
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News
- First American Financial First Quarter 2024 Earnings: EPS Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Home Loan Rates Increased Over the Last Week: Mortgage Interest Rates for April 26, 2024 [CNET News]CNET News
- First American Financial Co. (NYSE: FAF) had its "overweight" rating re-affirmed by analysts at Stephens. They now have a $72.00 price target on the stock.MarketBeat
- First American (FAF) Q1 Earnings & Revenues Miss Estimates [Yahoo! Finance]Yahoo! Finance
- Mortgages Move Up for Homeseekers: Today's Mortgage Rates on April 25, 2024 [CNET News]CNET News
FAF
Earnings
- 4/24/24 - Miss
FAF
Sec Filings
- 4/26/24 - Form 10-Q
- 4/24/24 - Form 8-K
- 4/15/24 - Form 13F-HR/A
- FAF's page on the SEC website