Will homebuyer competition rise when mortgage interest rates are cut? [CBS News]
Cullen/Frost Bankers, Inc. (CFR)
Last cullen/frost bankers, inc. earnings: 4/30 09:00 am
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Source: CBS News
During the height of COVID-19, mortgage rates repeatedly hit record lows but home prices surged due to low supply and high demand. Then, in the post-pandemic era, home inventory remained constrained and prices remained elevated, but conditions became even more difficult for aspiring buyers as mortgage rates climbed to the highest levels since 2000. Fortunately, buyers have seen some long-awaited good news recently, as mortgage rates have finally begun to decline in anticipation of the Federal Reserve cutting the benchmark interest rate. September rates are already down more than a full point since their peak and, while rates have a ways to go before they fall below 6% , the mortgage interest rate forecast for fall looks promising. Unfortunately for would-be buyers eagerly preparing for a rate cut , a reduction in borrowing costs isn't all good news. A further rate drop could complicate homebuying in important ways, including negatively impacting fall home prices . Buyers consideri
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CFR
News
- Cullen/Frost Bankers, Inc. (NYSE: CFR) had its price target raised by analysts at Compass Point from $111.00 to $122.00. They now have a "neutral" rating on the stock.MarketBeat
- Cullen/Frost Bankers, Inc. (NYSE: CFR) had its price target raised by analysts at Citigroup Inc. from $104.00 to $113.00. They now have a "sell" rating on the stock.MarketBeat
- Cullen/Frost Bankers, Inc. (NYSE: CFR) had its price target raised by analysts at Stephens from $125.00 to $136.00. They now have an "equal weight" rating on the stock.MarketBeat
- Cullen/Frost Q3 Earnings Surpass Estimates, Expenses Rise Y/Y [Yahoo! Finance]Yahoo! Finance
- Cullen/Frost Bankers, Inc. (NYSE: CFR) had its price target raised by analysts at Royal Bank of Canada from $118.00 to $130.00. They now have a "sector perform" rating on the stock.MarketBeat
CFR
Earnings
- 10/31/24 - Beat
CFR
Sec Filings
- 11/21/24 - Form 4
- 11/19/24 - Form 144
- 11/12/24 - Form 4
- CFR's page on the SEC website