Homebuyers face double whammy in mortgage rates, low inventory Fri, Jul 5, 2024, 6:28 PM GMT+2 0 Video Transcript Advertisement Up next Mortgage rates rise after five-week decline Wed, Jul...
Federal Home Loan Mortgage Corporation (FMCC)
NASDAQ:AMEX Investor Relations:
freddiemac.com/investors
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Source: Acquire Media Monitor
National Association of Realtors (NAR) deputy chief economist and vice president of research Jessica Lautz joins Wealth! to discuss the mortgage rate implications on the US housing market's outlook. Lautz describes the rate increase as "really difficult" and "discouraging" for prospective homebuyers. She highlights the ongoing struggle to find affordable housing inventory, emphasizing the critical need for new home construction to boost supply. Many existing homeowners are reluctant to sell due to their locked-in lower rates, further complicating the inventory shortage. "Certainly mortgage rates, if we see them coming down even a little bit, could be encouraging news for homebuyers," Lautz tells Yahoo Finance. However, she cautions that home prices continue to rise. "In fact, if we see mortgage rates come down, we could see more bidding wars in the housing market today with this really limited housing inventory." This interplay between rates and inventory "is just part of the eq
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News
- US home prices just hit another all-time high [Yahoo! Finance]Yahoo! Finance
- US home prices just hit another all-time high [FOX Business Network]FOX Business Network
- Mortgage rates crept back up closer to 7% as home prices also jump up [FOX Business Network]FOX Business Network
- Why Should You Invest In Real Estate In 2024? [Forbes]Forbes
- The US housing slump deepened this spring. Where does that leave home shoppers and sellers? [Yahoo! Finance Canada]Yahoo! Finance Canada
FMCC
Sec Filings
- 7/8/24 - Form 3
- 7/2/24 - Form ABS-15G
- 7/2/24 - Form ABS-15G
- FMCC's page on the SEC website