Bad news if you're looking to buy a house in the next two years [CNN]
Federal Home Loan Mortgage Corporation (FMCC)
NASDAQ:AMEX Investor Relations:
freddiemac.com/investors
Company Research
Source: CNN
After hitting two-decade highs nearing 8% late last year, mortgage rates have fallen, dipping nearly as low as 6% in September. But rates have steadily crept up ever since. The average rate on a standard, 30-year fixed mortgage was 6.84% this week, Freddie Mac said Thursday, representing the seventh weekly increase over the past eight weeks. Mortgage rates are expected to stay stuck above 6% for at least the next two years, according to economists and recent forecasts. “The new normal will be around 6%,” Lawrence Yun, chief economist at the National Association of Realtors, told reporters on a call Thursday. “We are not going to return to 3%, 4%, or 5% mortgage-rate conditions.” That means Americans hoping to become homeowners won't be getting any meaningful relief from lower borrowing costs, potentially shutting some folks out of a crucial part of the American Dream. Ad Feedback Wells Fargo economists project mortgage rates to average 6.3% by the end of next year, accordin
Show less
Read more
Impact Snapshot
Event Time:
FMCC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
FMCC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
FMCC alerts
High impacting Federal Home Loan Mortgage Corporation news events
Weekly update
A roundup of the hottest topics
FMCC
News
- Average 30-year mortgage rate in the U.S. rises to highest level since July [Investment Executive - News]Investment Executive - News
- 3 Maine counties now have median home price over $500,000 [Yahoo! Finance]Yahoo! Finance
- Average rate on a 30-year mortgage in the US rises to highest level since July [Yahoo! Finance Canada]Yahoo! Finance Canada
- Mortgage rates rise after home sales jump in October [Yahoo! Finance]Yahoo! Finance
- Existing homes sales jump 3.4% in October, first increase in 3 years [Yahoo! Finance]Yahoo! Finance
FMCC
Analyst Actions
- 11/20/24 - Keefe, Bruyette & Woods
FMCC
Sec Filings
- 11/21/24 - Form ABS-15G
- 11/6/24 - Form ABS-15G/A
- 11/6/24 - Form ABS-15G/A
- FMCC's page on the SEC website