Buy or rent? Study shows renting is more affordable in the 50 largest metros [Yahoo! Finance]
Federal Home Loan Mortgage Corporation (FMCC)
NASDAQ:AMEX Investor Relations:
freddiemac.com/investors
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Source: Yahoo! Finance
Nationwide, the typical home costs nearly 37 percent more to buy than to rent on a monthly basis. Rent increases have softened across the U.S. over the last year, and the combination of high home prices, elevated mortgage rates and low housing inventory creates a strong headwind for aspiring homeowners. That doesn't negate the fact that most Americans still do want to own a home. Nearly 4 in 5 Americans (78 percent) say owning a home is part of the American Dream, according to Bankrate's Home Affordability Report . But the factors holding non-homeowners back from buying a home revolve around affordability, with the most common responses in the report being lack of income (56 percent), home prices being too high (47 percent) and not being able to afford a down payment and closing costs (42 percent). To get a snapshot of the monthly cost differences between buying and renting, Bankrate analyzed typical monthly mortgage payments and typical monthly rents for all homes in the 50 larg
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News
- April CPI: Inflation cools slightly, sparking positive market reaction [MarketWatch]MarketWatch
- 'If they need to move, they're going to': Twin Cities buyers not waiting for lower mortgage rates [Yahoo! Finance]Yahoo! Finance
- Homebuilder confidence falls amid high rates [Yahoo! Finance]Yahoo! Finance
- Homebuilder confidence falls amid high rates [Yahoo! Finance Canada]Yahoo! Finance Canada
- How a no-closing-cost refinance works — and how to get one [Yahoo! Finance]Yahoo! Finance
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