Mortgage rates trickle down, but high prices keep buyers out of the market: Freddie Mac [FOX Business Network]
Federal Home Loan Mortgage Corporation (FMCC)
NASDAQ:AMEX Investor Relations:
freddiemac.com/investors
Company Research
Source: FOX Business Network
average 30-year fixed-rate mortgages barely budged from 6.87 to 6.86%, Freddie Mac reported Last year, interest rates weren't wildly different and averaged 6.71% for 30-year mortgages and 6.06% for 15-year mortgages. "The 30-year fixed-rate mortgage continues to trend down, hitting the lowest level in almost three months," Sam Khater, Freddie Mac's Chief Economist said. "By historical standards, the economy is in good shape, and we expect rates to continue to come down over the summer months, bringing additional homebuyers back into the market," said Khater. Interest rates for 15-year mortgages suffered this week, averaging 6.16%. Last week, rates averaged a little lower at 6.13%. Prospective buyers that want to see what kind of loan term and rates would work for them can take advantage of Credible's free online tools Most Americans remain pessimistic about home prices High home prices have buyers struggling to go through with purchases, and many don't expect the market
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News
- Looking to buy a house? These 3 'cold' markets could offer a bargain [FOX Business Network]FOX Business Network
- Mortgage Interest Rate Today, June 30, 2024 | Rates Should Trend Down Further This Year [Business Insider]Business Insider
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- What Nike's slashed full-year guidance signals about consumers Fri, Jun 28, 2024, 6:33 PM GMT+2 0 In this article: Video Transcript Advertisement Up next Mortgage rates decline for fourth week in a row Fri, Jun 28, 2024, 6:21 PM GMT+2 1 Video Transcript Acquire Media Monitor
- Mortgage rates decline for fourth week in a row [Yahoo! Finance Canada]Yahoo! Finance Canada
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