Mortgage rates crept back up closer to 7% as home prices also jump up [FOX Business Network]
Federal Home Loan Mortgage Corporation (FMCC)
NASDAQ:AMEX Investor Relations:
freddiemac.com/investors
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Source: FOX Business Network
Interest rates for 30-year, fixed-rate mortgages averaged 6.95%, Freddie Mac reported "Mortgage rates increased this week, coming in just under seven percent," Sam Khater, Freddie Mac's chief economist, explained. "Both new home and pending home sales are down, causing active listings to rise. We are still expecting rates to moderately decrease in the second half of the year and given additional inventory, price growth should temper, boding well for interested homebuyers, said Khater. Rates rose from last week when they averaged 6.86%. Last year, rates were slightly lower than they are now, at 6.81% for a 30-year mortgage. Buyers considering 15-year mortgages also saw higher average rates this past week, with fixed-rate mortgage rates increasing to 6.25% from 6.16% last week. This week's rates were nearly identical to rates last year, when they sat at 6.24%. If you think you're ready to shop around for a home loan, consider using Credible to help you easily compare interest ra
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FMCC
Sec Filings
- 10/1/24 - Form ABS-15G
- 9/24/24 - Form ABS-15G
- 9/17/24 - Form 3
- FMCC's page on the SEC website