Average long-term US mortgage rate falls slightly, easing borrowing costs for home shoppers [Yahoo! Finance]
Federal Home Loan Mortgage Corporation (FMCC)
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freddiemac.com/investors
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Source: Yahoo! Finance
The average rate on a 30-year mortgage slipped to 6.79% from 6.87% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.32%. The average rate is now at its lowest level in a couple of weeks. Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also dipped this week, pulling the average rate to 6.11% from 6.21% last week. A year ago it averaged 5.56%, Freddie Mac said. “Mortgage rates moved slightly lower this week, providing a bit more room in the budgets of some prospective homebuyers,” said Sam Khater, Freddie Mac's chief economist. “Regardless, rates remain elevated near 7% as markets watch for signs of cooling inflation, hoping that rates will come down further.” After climbing to a 23-year high of 7.79% in October, the average rate on a 30-year mortgage has remained below 7% since early December. It got up as high as 6.94% just a month ago, after stronger-than-expected reports on inflation, t
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News
- Champaign County had lower home sales, higher median sale price: realtor group [Yahoo! Finance]Yahoo! Finance
- Mortgage rates are still above 7% and home prices remain high [FOX Business Network]FOX Business Network
- How To Survive Financially in Your First Year of Homeownership [Yahoo! Finance]Yahoo! Finance
- Champaign County average home prices keep growing as inventory shrinks [Yahoo! Finance]Yahoo! Finance
- Mortgage Interest Rates Today, April 26, 2024 | Are Homebuyers Adjusting to Higher Rates? [Business Insider]Business Insider
FMCC
Analyst Actions
- 2/26/24 - Keefe, Bruyette & Woods
FMCC
Sec Filings
- 4/23/24 - Form ABS-15G
- 3/28/24 - Form ABS-15G
- 3/28/24 - Form ABS-15G/A
- FMCC's page on the SEC website