Mortgage Interest Rates Today, April 20, 2024 | Rates Remain Elevated, but They Could Fall Later This Year [Business Insider]
Federal Home Loan Mortgage Corporation (FMCC)
NASDAQ:AMEX Investor Relations:
freddiemac.com/investors
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Source: Business Insider
And it's looking like they may remain elevated through this year's peak homebuying season. Mortgage rates were originally forecast to go down this year, but hotter-than-expected inflation data pushed them higher. Until inflation shows signs of cooling enough for the Federal Reserve to start lowering the federal funds rate, the cost of borrowing to buy a home is likely to remain higher as well. It's still possible mortgage rates will decrease this year. But if they do, it probably won't be until much later in 2024. Investors had initially expected the Fed to start cutting rates at its meeting in June. Now they're pricing in September for the first cut, according to the CME FedWatch Tool . This means we might not see mortgage rates drop until we get closer to fall. Current Mortgage Rates Mortgage type Average rate today Current Refinance Rates Mortgage type Average rate today Mortgage Calculator Use our free mortgage calculator to see how today's mortgage rates wou
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FMCC
News
- KBRA Releases Monthly CMBS Trend Watch [Yahoo! Finance]Yahoo! Finance
- Home prices aren't falling in the biggest metro areas for the first time in 2 years, Redfin says [Business Insider]Business Insider
- Walker & Dunlop (WD) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Mortgage Interest Rates Today, May 3, 2024 | Rates Inch Down but Remain Above 7% [Business Insider]Business Insider
- Mortgage rates push higher with no relief in sight: Freddie Mac [FOX Business Network]FOX Business Network
FMCC
Analyst Actions
- 2/26/24 - Keefe, Bruyette & Woods
FMCC
Sec Filings
- 5/1/24 - Form 8-K
- 5/1/24 - Form 10-Q
- 4/30/24 - Form ABS-15G
- FMCC's page on the SEC website