How Will the Election Affect Mortgage Rates? [Yahoo! Finance]
Federal Home Loan Mortgage Corporation (FMCC)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
In turn, the dearth of inventory is putting pressure on home prices, leaving many would-be buyers on the sidelines. Now, with the impending election, some might wonder how this might further impact rates. While rates have come down, as of March 21, the average 30-year mortgage rate was at 6.87% — much higher than a couple of years ago. Indeed, on March 24, 2022, they stood at 4.42%, and on March 21, 2021, at 3.17% according to Freddie Mac data. These higher rates reflect the Federal Reserve's recent tight monetary policy, which has taken a toll on everything — making borrowing more costly for Americans. While the Fed reiterated at its most recent two-day Federal Open Market Committee (FOMC) meeting on March 19-20 that it would start cutting rates this year, these will probably occur later than previously anticipated, due to both sticky inflation and strong economic data. While these cuts would bring a sigh of relief to American consumers, making borrowing costs lower — it's yet
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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