Mortgage rates decline for fourth week in a row [Yahoo! Finance Canada]
Federal Home Loan Mortgage Corporation (FMCC)
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Source: Yahoo! Finance Canada
Yahoo Finance Reporter Dani Romero joins Wealth! to break down the mortgage rate numbers and what they indicate about the housing market. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino Video Transcript Turning now to the housing market. Mortgage rates are declining for 1/4 straight week. Here with the numbers we've got, Yahoo Finance is Danny Romero. Hey, Danny. Bra. Mortgage rates fell to their lowest level since early April. Rates are down for four consecutive weeks. The average 30 year fixed mortgage rate ticked down to 6.86% as of June 27th, Freddie Mac data shows. Now. Despite the pullback in borrowing costs over the past month, rates are still flirting around that 7% level. Millions of households are locked up into a cheap mortgage, which could be a reason why consumer spending has been so resilient in the face of higher interest rates. Still, potenti
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News
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FMCC
Sec Filings
- 6/21/24 - Form 25
- 6/11/24 - Form 8-K
- 5/29/24 - Form ABS-15G
- FMCC's page on the SEC website