Home Sales Keep Rising Despite High Mortgage Rates [Yahoo! Finance]
Federal Home Loan Mortgage Corporation (FMCC)
NASDAQ:AMEX Investor Relations:
freddiemac.com/investors
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Source: Yahoo! Finance
Despite the uptick, sales are on track to end the year at the lowest since 1995, thanks to high mortgage rates. The increase in sales suggests buyers are getting used to the idea of paying rates in the high 6% range, compared to 3%- 4% before the pandemic. Homebuyers may not like the new normal of mortgage rates in the high 6% range, but they're getting used to it. Sales of existing homes rose for a third month to a seasonally adjusted annual rate of 4.2 million in November, the National Association of Realtors (NAR) said Thursday. The 6.1% increase from the same time last year was the highest year-over-year jump in sales since 2021 and edged out forecasters' expectations for an annual rate of 4.1 million, according to a survey of economists by Dow Jones Newswires and The Wall Street Journal November Sales Were Still Historically Low The sales rate was the highest since March but low by historical standards. Soaring prices and mortgage rates far higher than those during the
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FMCC
News
- The Fed cut interest rates, but mortgage costs jumped. Here's why [CNBC]CNBC
- The US housing market has had a tough year. Here's what could save it [Yahoo! Finance]Yahoo! Finance
- The US housing market has had a tough year. Here's what could save it [CNN]CNN
- Is Wall Street Really Buying 44% Of Homes? Report Says Not Even Close [Yahoo! Finance]Yahoo! Finance
- The US housing market has had a tough year. Here's what could save it [CNN]CNN
FMCC
Analyst Actions
- 11/20/24 - Keefe, Bruyette & Woods
FMCC
Sec Filings
- 11/25/24 - Form ABS-15G
- 11/21/24 - Form ABS-15G
- 11/6/24 - Form ABS-15G/A
- FMCC's page on the SEC website