Should you buy a home after the Fed's big rate cut? [CBS News]
Federal Home Loan Mortgage Corporation (FMCC)
NASDAQ:AMEX Investor Relations:
freddiemac.com/investors
Company Research
Source: CBS News
of the pandemic, they made the opposite move in 2022 and 2023 thanks to inflation and a rising federal funds rate . The latter eventually rose to a range between 5.25% and 5.50% last summer, the highest it had been in 22 years. And mortgage interest rates followed, hitting their highest point since 2000 in August 2023. In 2024, however, inflation has fallen significantly. And that, in large part, sparked the Federal Reserve's decision this week to reduce the federal funds rate by a half percentage point, which was a stronger action than many economists anticipated. Before that even happened, however, mortgage interest rates preemptively reacted, hitting an average of 6.15% — the lowest in two years. The potential for further reductions is significant, too. Against this evolving landscape, then, buyers may be wondering if they should buy a home after the Fed's big rate cut. Below, we'll detail three reasons why they may want to now. Start by seeing what mortgage interest rate you
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News
- Monthly housing payments decline alongside mortgage rates [Yahoo! Finance Canada]Yahoo! Finance Canada
- If you own a home or hope to buy one soon, what does the Fed's interest rate cut mean for you? [Yahoo! Finance]Yahoo! Finance
- CNN Business Videos [CNN]CNN
- If you own a home or hope to buy one soon, what does the Fed's interest rate cut mean for you? [CNN]CNN
- Mercedes-Benz cuts full-year forecast on declining China sales [Yahoo! Finance]Yahoo! Finance
FMCC
Sec Filings
- 9/17/24 - Form 3
- 9/10/24 - Form 8-K
- 9/9/24 - Form ABS-15G
- FMCC's page on the SEC website