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Stock impact report

Mortgage Rates Climb for First Time in a Month, Landing at 6.72% [Yahoo! Finance]

Federal Home Loan Mortgage Corporation (FMCC) 
NASDAQ:AMEX Investor Relations: freddiemac.com/investors
Company Research Source: Yahoo! Finance
NYPD Car Chases Are Becoming More Frequent — and More Dangerous New York City's Historic Preservation Movement Is Having a Midlife Crisis Dakar's Air Quality Plummets as Saharan Dust Descends on Senegal The average for a 30-year fixed loan was 6.72%, up from 6.6% last week, Freddie Mac said in a statement Thursday. The Federal Reserve on Wednesday cut its benchmark rate for the third time since mid-September, but signaled a slower pace ahead for any future adjustments. Officials are predicting just two reductions for 2025, a pullback from earlier projections. Fed Chair Jerome Powell said more progress is needed on inflation, which remains above the central bank's target. “This may be the last easy cut for a while,” Kara Ng, senior economist at Zillow Home Loans, said after Wednesday's announcement. “Moving forward, the Fed and markets will likely be in reaction mode to incoming economic data and policy announcements. Homebuyers should expect mortgage rates to continue on th Show less Read more
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