Homebuyers Get Mixed News From Freddie Mac And The Federal Reserve [Yahoo! Finance]
Federal Home Loan Mortgage Corporation (FMCC)
NASDAQ:AMEX Investor Relations:
freddiemac.com/investors
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Source: Yahoo! Finance
The revision comes just over a month after Freddie Mac predicted increases of 2.5% for 2024 and 2.1% for 2025. The mortgage lender predicts that the increase for 2024 and 2025 will be closer to 0.5%. Considering that most prospective homebuyers were already struggling with high prices and a lack of inventory, any news about a slowdown in price increases could be welcome. The good news may be tempered by recent indications that the Federal Reserve may be less aggressive than anticipated with its rate cuts in 2024. For homebuyers "less aggressive than anticipated," could mean no rate cut at all in 2024. After spending much of 2023 signaling that 2024 might be an optimum time for cutting interest rates, Federal Reserve Chairman Jerome Powell threw a wet blanket on those plans when he said today's interest rates would remain in place for "as long as needed." That announcement came on the heels of stronger-than-anticipated job growth and other economic indicators that inflation is stil
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News
- ETFs to Play as Mortgage Rates Look Likely to Fall [Yahoo! Finance]Yahoo! Finance
- Spring homebuying season kicks off with encouraging start; California median home price sets new all-time high, C.A.R. reports [Yahoo! Finance]Yahoo! Finance
- Looking to purchase a home? These U.S. cities are the most buyer-friendly. [CBS News]CBS News
- Looking to purchase a home? These U.S. cities are the most buyer-friendly. [Yahoo! Finance]Yahoo! Finance
- Looking to purchase a home? These U.S. cities are the most buyer-friendly. [CBS News]CBS News
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