Mortgage rates fall slightly, ending 6-week climb [FOX Business Network]
Federal Home Loan Mortgage Corporation (FMCC)
NASDAQ:AMEX Investor Relations:
freddiemac.com/investors
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Source: FOX Business Network
Mortgage rates barely moved this week after marching higher for the past month-and-a-half, while purchase demand remains stalled in the stagnant housing market. Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage ticked down to 6.78% from last week's reading of 6.79%. The average rate on a 30-year loan was 7.44% a year ago. "After a six-week climb, rates have leveled off, but overall affordability continues to be an issue for potential homebuyers," said Sam Khater, Freddie Mac's chief economist. "Our latest research shows that mortgage payments compared to rents on the same homes are elevated relative to most of the last three decades." Many would-be buyers and sellers are holding out to see if rates fall further. Currently, about 80% of mortgage holders have a rate below 5%, according to a Zillow survey. The average rate on the 15-year fixed mortgage also fell slightly to 5.99% from 6% l
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News
- Mortgage rates fall slightly, ending 6-week climb [Yahoo! Finance]Yahoo! Finance
- Mortgage rates stay flat as Trump's second term comes into focus [Yahoo! Finance Canada]Yahoo! Finance Canada
- Mortgage rates stay flat as Trump's second term comes into focus [Yahoo! Finance]Yahoo! Finance
- The average rate on a 30-year mortgage in the US slips to 6.78% [Yahoo! Finance]Yahoo! Finance
- Following Elections Results and a Fed Rate Cut, Mortgage Rates Stall [Yahoo! Finance]Yahoo! Finance
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