The average rate on a 30-year mortgage in the US slips to 6.78% [Yahoo! Finance]
Federal Home Loan Mortgage Corporation (FMCC)
NASDAQ:AMEX Investor Relations:
freddiemac.com/investors
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Source: Yahoo! Finance
The rate slipped to 6.78% from 6.79% last week, mortgage buyer Freddie Mac said Thursday. That's still down from a year ago, when the rate averaged 7.4%. Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners seeking to refinance their home loan to a lower rate, also eased this week. The average rate slipped to 5.99% from 6% last week. A year ago, it averaged 6.76%, Freddie Mac said. Mortgage rates are influenced by several factors, including the yield on U.S. 10-year Treasury bonds, which lenders use as a guide to price home loans. Bond yields have been rising in recent weeks following encouraging reports on inflation and the economy. Last week, bond yields surged on expectations that President-elect Donald Trump's plans to lower tax rates , increase tariffs and reduce regulation could ultimately lead to higher U.S. government debt and inflation , along with faster economic growth.
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FMCC
News
- Mortgage rates fall slightly, ending 6-week climb [Yahoo! Finance]Yahoo! Finance
- Mortgage rates fall slightly, ending 6-week climb [FOX Business Network]FOX Business Network
- Mortgage rates stay flat as Trump's second term comes into focus [Yahoo! Finance Canada]Yahoo! Finance Canada
- Mortgage rates stay flat as Trump's second term comes into focus [Yahoo! Finance]Yahoo! Finance
- Following Elections Results and a Fed Rate Cut, Mortgage Rates Stall [Yahoo! Finance]Yahoo! Finance
FMCC
Sec Filings
- 11/6/24 - Form ABS-15G/A
- 11/6/24 - Form ABS-15G/A
- 11/6/24 - Form ABS-15G/A
- FMCC's page on the SEC website