Home shopping? Rates tick down, but don't expect big relief any time soon [Yahoo! Finance]
Federal Home Loan Mortgage Corporation (FMCC)
NASDAQ:AMEX Investor Relations:
freddiemac.com/investors
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Source: Yahoo! Finance
Rates hit a 10-year peak of 7.79% in October 2023 and range in the New Year just over 6.6%, but the average interest on a 30-year mortgage has been north of 7% since late last month. “After a five-week climb, mortgage rates ticked down following a weaker than expected jobs report,” said Sam Khater, Freddie Mac's chief economist, in a press statement. “An environment where rates continue to hover above 7% impacts both sellers and buyers. Many potential sellers remain hesitant to list their home and part with lower mortgage rates from years prior, adversely impacting supply and keeping house prices elevated. These elevated house prices add to the overall affordability challenges that potential buyers face in this high-rate environment.” Ongoing high rates come amid the busiest time for the U.S. housing market with over one-third of annual sales occurring during the March-June period, according to Freddie Mac. Last week Khater predicted significant rate relief was not on the near-te
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News
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- Here's how much you need to earn to afford a home today [FOX Business Network]FOX Business Network
- Homes are overvalued in most of the US – and the problem is worse in these 5 states [FOX Business Network]FOX Business Network
- Saluda Grade Awarded both RMBS Issuer of the Year and RMBS Deal of the Year at the 2024 GlobalCapital US Securitization Awards [Yahoo! Finance]Yahoo! Finance
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