Mortgage rates inch closer to 7% to close out 2024 [Yahoo! Finance]
Federal Home Loan Mortgage Corporation (FMCC)
NASDAQ:AMEX Investor Relations:
freddiemac.com/investors
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Source: Yahoo! Finance
The standard, 30-year fixed-rate mortgage averaged just shy of 7% in the final week of 2024 ending on January 2, according to data from mortgage financing giant Freddie Mac. That's the highest level in nearly six months and is also up from the prior week when mortgage rates averaged 6.85% versus the latest week's average of 6.91%. A year ago, mortgage rates averaged 6.62%. The latest uptick in mortgage rates comes despite the Federal Reserve's quarter-point interest rate cut last month, its third cut of the year. However, the central bank lowered its outlook for the number of rate cuts it expects this year with inflation remaining above its 2% target and the labor market on solid footing. While mortgage rates are directly impacted by actions the central bank takes, they are more closely aligned with the direction of 10-year US Treasury yields, which are a bellwether for mortgage rates. Over the past month, the 10-year Treasury yield has been steadily rising, partly due to the Fed
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FMCC
News
- Mortgage rates kick off 2025 with an increase, nearing 7% [Yahoo! Finance]Yahoo! Finance
- Fannie Mae, Freddie Mac shares surge after federal agencies reveal privatization path [Yahoo! Finance]Yahoo! Finance
- Fannie Mae, Freddie Mac shares surge after federal agencies reveal privatization path [Yahoo! Finance Canada]Yahoo! Finance Canada
- Fannie Mae, Freddie Mac shares surge after federal agencies reveal privatization path [Yahoo! Finance Canada]Yahoo! Finance Canada
- Cut Your Mortgage Rate by 1% Today: Simple Strategies to Save Thousands [CNET News]CNET News
FMCC
Analyst Actions
- 11/20/24 - Keefe, Bruyette & Woods
FMCC
Sec Filings
- 1/2/25 - Form ABS-15G
- 12/26/24 - Form 8-K
- 11/25/24 - Form ABS-15G
- FMCC's page on the SEC website