US existing home sales rebound in October [Yahoo! Finance Canada]
Federal Home Loan Mortgage Corporation (FMCC)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance Canada
mid-2021, as buyers rushed into the market to take advantage of a brief decline in mortgage rates. Home sales jumped 3.4% last month to a seasonally adjusted annual rate of 3.96 million units, the National Association of Realtors said on Thursday. Economists polled by Reuters had forecast home resales rebounding to a rate of 3.93 million units. Sales slumped to a rate of 3.83 million units in September, which was the lowest since October 2010. Sales increased 2.9% year-on-year, the first annual rise since July 2021. "The worst of the downturn in home sales could be over, with increasing inventory leading to more transactions," said Lawrence Yun, the NAR's chief economist. October's homes sales likely reflected contracts signed in August and September, when mortgage rates were declining in anticipation of the Federal Reserve launching its policy easing cycle. The U.S. central bank cut its policy rate by an unusually large half-percentage-point in September, its first reduction
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News
- Mortgage rates rise after home sales jump in October [Yahoo! Finance]Yahoo! Finance
- Existing homes sales jump 3.4% in October, first increase in 3 years [Yahoo! Finance]Yahoo! Finance
- Miami-Dade $1M & Up Existing Condo Sales Continue to Climb; Single-Family Home Sales on Target to Top Last Year's Total [Yahoo! Finance]Yahoo! Finance
- Miami-Dade $1M & Up Existing Condo Sales Continue to Climb; Single-Family Home Sales on Target to Top Last Year's TotalPR Web
- Home sales jumped in October, and housing demand is set to pick up from here, NAR says [Business Insider]Business Insider
FMCC
Analyst Actions
- 11/20/24 - Keefe, Bruyette & Woods
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