If you own a home or hope to buy one soon, what does the Fed's interest rate cut mean for you? [Yahoo! Finance]
Federal Home Loan Mortgage Corporation (FMCC)
NASDAQ:AMEX Investor Relations:
freddiemac.com/investors
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Source: Yahoo! Finance
the COVID-19 pandemic, slashing its benchmark rate by half a percentage point and signaling more rate cuts by the end of the year. The housing market is one of the most interest-rate-sensitive sectors of the US economy, and over the past few years, elevated mortgage rates, along with sky-high housing prices, have contributed to a lack of home affordability. The supply of homes for sale hasn't kept up with demand as homeowners who locked in ultra-low pandemic-era mortgage rates were less willing to sell their homes in a higher mortgage rate environment. Some experts believe falling rates could entice more homeowners to put their homes up for sale. In the past few months, rates have steadily fallen in anticipation of interest rate cuts. The standard 30-year fixed-rate mortgage averaged 6.09% in the week ended September 19, according to Freddie Mac, down significantly from 7.79% last fall. Does the Fed's recent interest rate cut and the potential for more rate cuts in the future
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News
- The Fed just cut interest rates again, this time by a quarter of a percentage point [FOX Business Network]FOX Business Network
- What the Fed's interest rate cuts mean for your money [CNN]CNN
- What the Fed's interest rate cuts mean for your money [CNN]CNN
- What the Fed's interest rate cuts mean for your money [CNN]CNN
- Fed Cut Interest Rates, So Why Do Mortgage Rates Keep Climbing? [Forbes]Forbes
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