Existing homes sales jump 3.4% in October, first increase in 3 years [Yahoo! Finance]
Federal Home Loan Mortgage Corporation (FMCC)
NASDAQ:AMEX Investor Relations:
freddiemac.com/investors
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Source: Yahoo! Finance
The group reported a seasonally adjusted rate of 3.96 million, representing a 2.9% increase from the same time last year. Home prices, meanwhile, continued their upward trend for the 16th straight month. Median existing home sales prices have jumped 4% from this time last year to $407,200. Existing home inventory crept up 0.7% in October over the previous month. "The worst of the downturn in home sales could be over, with increasing inventory leading to more transactions," Lawrence Yun the association's chief economist, said in a statement. " "Additional job gains and continued economic growth appear assured, resulting in growing housing demand." While existing home sales and inventory is improving, the association said mortgages remain somewhat of a stumbling block. The 30-year fixed-rate mortgage, according to Freddie Mac, averaged 6.78% as of Nov. 14. That is down from 6.79% last week and 7.44% one year ago. "For most first-time homebuyers, mortgage financing is critical
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FMCC
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
- Miami-Dade $1M & Up Existing Condo Sales Continue to Climb; Single-Family Home Sales on Target to Top Last Year's Total [Yahoo! Finance]Yahoo! Finance
- Miami-Dade $1M & Up Existing Condo Sales Continue to Climb; Single-Family Home Sales on Target to Top Last Year's TotalPR Web
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