Trump's housing market conundrum [CNN]
Federal Home Loan Mortgage Corporation (FMCC)
NASDAQ:AMEX Investor Relations:
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Source: CNN
A sharp decrease in home affordability over the last four years has stung for many Americans — and Trump won his bid for US president partly on the back of dissatisfaction with the economy. Now Trump, a billionaire property developer himself, faces a housing conundrum: Mortgage rates aren't falling, and home prices are expected to continue rising over the next few years. Many economists estimate that this year's housing market will not look dissimilar to the frozen-in-place housing market of the last few years. At the same time, many of Trump's proposed policies, including tariffs and mass deportations, could potentially exacerbate America's home affordability woes. The standard 30-year fixed mortgage rate, the most popular home loan option, was just below 2.8% when Trump left office in January 2021 during the pandemic. Last week, it was 6.91% . That means people who borrow money to buy a home must now pay hundreds, or even thousands, more per month than if they had bought a home
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FMCC
News
- Jane E. Prokop Joins Freddie Mac’s Board of DirectorsGlobeNewswire
- Freddie Mac Appoints James Whitlinger Chief Financial OfficerGlobeNewswire
- BSI Financial Services SVP Allen Price Joins IMN Home Equity Investment Advisory Board [Yahoo! Finance]Yahoo! Finance
- Bad news for homebuyers in the Northeast and Midwest [CNN]CNN
- Bad news for homebuyers in the Northeast and Midwest [CNN]CNN
FMCC
Analyst Actions
- 11/20/24 - Keefe, Bruyette & Woods
FMCC
Sec Filings
- 1/7/25 - Form 8-K
- 1/7/25 - Form 8-K
- 1/2/25 - Form ABS-15G
- FMCC's page on the SEC website