Average long-term US mortgage rate rises for again, reaching highest level more than five months [Yahoo! Finance]
Federal Home Loan Mortgage Corporation (FMCC)
NASDAQ:AMEX Investor Relations:
freddiemac.com/investors
Company Research
Source: Yahoo! Finance
costs for prospective homebuyers in what's typically the housing market's busiest stretch of the year. The rate rose to 7.22% from 7.17% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.39%. When mortgage rates rise, they can add hundreds of dollars a month in costs for borrowers. That limits how much homebuyers can afford at a time when a relatively limited number of homes on the market coupled with heightened competition for the most affordable properties has kept prices marching higher. The average rate on a 30-year mortgage has now increased five weeks in a row. It hasn't been this high since November 30. Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also rose this week, lifting the average rate to 6.47% from 6.44% last week. A year ago, it averaged 5.76%, Freddie Mac said. Mortgage rates are influenced by several factors, including how the bond market reacts to the Federal Reser
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FMCC
News
- Mortgage rates drop for second straight week to 7.02% [Yahoo! Finance]Yahoo! Finance
- Mortgage rates inch down for second straight week [Yahoo! Finance Canada]Yahoo! Finance Canada
- Mortgage rates drop for second straight week to 7.02% [FOX Business Network]FOX Business Network
- US Mortgage Rates Decrease for Second Week, Falling to 7.02% [Yahoo! Finance]Yahoo! Finance
- Long-term mortgage rates retreat for second straight week, US average at 7.02% [Financial Post (Toronto, Ontario, Canada)]Financial Post
FMCC
Analyst Actions
- 2/26/24 - Keefe, Bruyette & Woods
FMCC
Sec Filings
- 5/9/24 - Form ABS-15G/A
- 5/9/24 - Form ABS-15G/A
- 5/9/24 - Form ABS-15G/A
- FMCC's page on the SEC website