Today's Mortgage Rates Aren't the Highest We've Seen [CNET News]
Federal Home Loan Mortgage Corporation (FMCC)
NASDAQ:AMEX Investor Relations:
freddiemac.com/investors
Company Research
Source: CNET News
Steep interest rates have made it more difficult to afford homes. But are rates that high in a historical sense? Imagine being in the market for a home in the 1980s, when rates peaked above 18%. Over the past several decades, the median rate for a 30-year fixed mortgage has been around 7%, which isn't too far from where rates are landing today. However, other factors are also making homeownership unaffordable, including high home prices limited inventory , sluggish wage growth and the overall high cost of living. The tide could be starting to turn, though experts anticipate volatility in the mortgage market. The Federal Reserve has started to drop its benchmark interest rate, which will influence how banks and lenders adjust borrowing rates overall. Although experts say mortgage rates will eventually go lower over the next couple of years, it's unlikely we'll return to the housing market of the pandemic era, when homeowners snatched up rock-bottom mortgage rates and have hel
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FMCC
News
- Mortgage rates fall slightly, ending 6-week climb [FOX Business Network]FOX Business Network
- Mortgage rates stay flat as Trump's second term comes into focus [Yahoo! Finance Canada]Yahoo! Finance Canada
- Mortgage rates stay flat as Trump's second term comes into focus [Yahoo! Finance]Yahoo! Finance
- The average rate on a 30-year mortgage in the US slips to 6.78% [Yahoo! Finance]Yahoo! Finance
- Following Elections Results and a Fed Rate Cut, Mortgage Rates Stall [Yahoo! Finance]Yahoo! Finance
FMCC
Sec Filings
- 11/6/24 - Form ABS-15G/A
- 11/6/24 - Form ABS-15G/A
- 11/6/24 - Form ABS-15G/A
- FMCC's page on the SEC website