Mortgage rates today, April 16, 2024: It could be a good time to buy a house [Yahoo! Finance]
Federal Home Loan Mortgage Corporation (FMCC)
NASDAQ:AMEX Investor Relations:
freddiemac.com/investors
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Source: Yahoo! Finance
“Mortgage rates have been drifting higher for most of the year due to sustained inflation and the reevaluation of the Federal Reserve's monetary policy path,” Sam Khater, chief economist at Freddie Mac, said in a press release Mortgage rates probably won't dramatically fall until the Federal Reserve starts cutting the federal funds rate — and the Fed doesn't want to make cuts until inflation is closer to its target rate of 2%. The year-over-year inflation increase was 3.5% in March , so we may have to wait several more months until the Fed is ready to decrease its rate. What does this mean for potential homebuyers? Don't count on rates dropping during the spring and summer home-buying season. If you're otherwise ready to buy now, consider buying a house sooner rather than later. Remember, you can always refinance into a lower rate down the road. Dig deeper: Is it a good time to buy a house? Today's mortgage rates According to Freddie Mac, the national average 30-year mortga
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News
- As home sellers, buyers wait on a Fed cut, here's how mortgage rates have impacted the spring housing market [CNBC]CNBC
- Freddie Mac Delivers 2024 Equitable Housing Finance Plan [Yahoo! Finance]Yahoo! Finance
- Freddie Mac Delivers 2024 Equitable Housing Finance PlanGlobeNewswire
- Buy or rent? Study shows renting is more affordable in the 50 largest metros [Yahoo! Finance]Yahoo! Finance
- If you're looking to buy your first home, you may be paying more than anyone has before [CBS News]CBS News
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