The US housing market has had a tough year. Here's what could save it [Yahoo! Finance]
Federal Home Loan Mortgage Corporation (FMCC)
NASDAQ:AMEX Investor Relations:
freddiemac.com/investors
Company Research
Source: Yahoo! Finance
But there are factors that could give it a boost next year. The Federal Reserve began to slash interest rates in September, but mortgage rates have actually risen since then. The average rate on a standard 30-year fixed mortgage was 6.72% this week, Freddie Mac said Thursday, up from last week's 6.6%. Mortgage rates are expected to stay stuck above 6% over the next two years. Instead, the housing market's saving graces could come down to two things: continued job growth, and more homeowners finally giving up their locked-in low mortgage rates and putting their homes up for sale. “Jobs and inventory will drive home sales,” Lawrence Yun, chief economist at the National Association of Realtors (NAR), said in an analyst note Wednesday after the Fed delivered its third consecutive interest rate cut. On a call with reporters Thursday, Yun said that “the lock-in effect is becoming less strong,” which could boost housing inventory, or how many homes are on the market. The job mark
Show less
Read more
Impact Snapshot
Event Time:
FMCC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
FMCC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
FMCC alerts
High impacting Federal Home Loan Mortgage Corporation news events
Weekly update
A roundup of the hottest topics
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 [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
- The Fed is cutting, but mortgage rates keep… [USA TODAY]USA TODAY
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