Record mortgage rates in 2024 put a damper on prime housing season [Yahoo! Finance]
Federal Home Loan Mortgage Corporation (FMCC)
NASDAQ:AMEX Investor Relations:
freddiemac.com/investors
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Source: Yahoo! Finance
Monday's 30-year fixed-rate mortgage was 7.44%, not far from the 7.79% peak in October of last year. As of Thursday, it was 7.1%, making this the first week in 2024 for rates to pass 7%, per Freddie Mac To make matters pricier, in a press release Thursday morning, Redfin announced that the median home price in the U.S. increased by 5% compared to a year before. “The combination of high mortgage rates and prices have brought homebuyers' median monthly housing payment to a record $2,775, up 11% year over year,” according to the press release. Limited inventory on top of affordability Those hoping the housing market will become more affordable before buying may wait a while. According to the U.S. Bureau of Labor Statistics consumer price index summary, consumer inflation stayed relatively high in the last month, which could likely suspend cuts in the Federal Reserve's rates. Increased rates and doubts over the commission plan risk halting homebuying during the market's busiest s
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News
- ‘Is this 1980 or 2024?': The housing market feels like it's in a time machine — but that doesn't mean a crash is coming, experts say [MarketWatch]MarketWatch
- Freddie Mac Accepts IRS Form 8821 for Tax Transcripts, Enhancing Loan Product Advisor using Halcyon's pioneering solutions [Yahoo! Finance]Yahoo! Finance
- US construction spending falls in March [Reuters]Reuters
- US construction spending falls in March [Yahoo! Finance Canada]Yahoo! Finance Canada
- US construction spending falls in March [Yahoo! Finance]Yahoo! Finance
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