Mortgage Rates in US Increase for Fifth Week, Hitting 7.22% [BNN Bloomberg (Canada)]
Federal Home Loan Mortgage Corporation (FMCC)
NASDAQ:AMEX Investor Relations:
freddiemac.com/investors
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Source: BNN Bloomberg
The average for a 30-year, fixed loan was 7.22%, up from 7.17% last week, Freddie Mac said in a statement Thursday. High borrowing costs are squeezing buyers trying to crack into the market during one of its seasonally busiest times. House hunters aren't getting a break. In the four weeks ending April 28, prices either rose or held steady from year-earlier levels in all 50 of the most populous US metro areas, according to Redfin Corp. “On average, more than one-third of home sales for the entire year occur between March and June,” Sam Khater, Freddie Mac's chief economist, said in the statement. “With two months left of this historically busy period, potential homebuyers will likely not see relief from rising rates anytime soon.” Federal Reserve policymakers, who kept the central bank's benchmark rate steady at a meeting Wednesday, left open the possibility of a rate cut this year while not committing to a specific timeframe. ©2024 Bloomberg L.P. Top Picks Top Stories C
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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
- Mortgage rates drop for second straight week to 7.02% [Yahoo! Finance]Yahoo! Finance
- Mortgage rates inch down for second straight week [Yahoo! Finance Canada]Yahoo! Finance Canada
- Mortgage rates drop for second straight week to 7.02% [FOX Business Network]FOX Business Network
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