Mortgage Rates Increase for the Fifth Consecutive Week
Federal Home Loan Mortgage Corporation (FMCC)
NASDAQ:AMEX Investor Relations:
freddiemac.com/investors
Company Research
Source: GlobeNewswire
MCLEAN, Va., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.72 percent. “Increasing for the fifth consecutive week, mortgage rates reached their highest level since the beginning of August,” said Sam Khater, Freddie Mac’s Chief Economist. “With several potential inflection points happening over the next week, including the jobs report, the 2024 election, and the Federal Reserve interest rate decision, we can expect mortgage rates to remain volatile. Although uncertainty will remain, it does appear mortgage rates are cresting, and we do not expect them to reach the highs that we saw earlier this year.” News Facts The 30-year FRM averaged 6.72 percent as of October 31, 2024, up from last week when it averaged 6.54 percent. A year ago at this time, the 30-year FRM averaged 7.76 percent.The 15-year FRM averaged 5.99 percent, up from last wee
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News
- UMD's Smith Enterprise Risk Consortium Announces New Mortgage Risk Indexes [Yahoo! Finance]Yahoo! Finance
- Mortgage rates are rising. Experts cite economic strength, inflation and possible Trump win [Los Angeles Times (CA)]Los Angeles Times
- Mortgage rates move higher for fifth week: What to know [Yahoo! Finance Canada]Yahoo! Finance Canada
- Mortgage rates rise for fifth straight week [FOX Business Network]FOX Business Network
- Mortgage Rates Jump for Fifth Week, With 30-Year Reaching 6.72% [Yahoo! Finance Canada]Yahoo! Finance Canada
FMCC
Sec Filings
- 10/31/24 - Form ABS-15G
- 10/30/24 - Form 8-K
- 10/30/24 - Form 10-Q
- FMCC's page on the SEC website