How Coronavirus Concerns Are Changing Mortgage Rates [Yahoo! Finance News]
Federal Home Loan Mortgage Corporation (FMCC)
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Source: Yahoo! Finance News
The international spread of the coronavirus has led to economic uncertainty, volatility in the stock market and travel and other industries seeing a massive drop in customer activity. But one area consumer demand is not waning is mortgage and refinancing options. In fact, recent economic volatility On March 4, the average 30-year, fixed-rate mortgage rate was 3.29%, according to Freddie Mac, a record low for the last 50 years and down more than 1 percentage point from the same time last year. On March 12, Freddie Mac reported the average 30-year, fixed-rate mortgage rate climbed slightly to 3.36%, though it still remains nearly a full percentage point below the average rate from the same week in 2019. A contributing factor to the drop in mortgage rates [ Read: What Will the Housing Market Look Like in the Next Recession? You may feel preoccupied with concerns about your health, investments and other factors that crop up daily as the number of coronavirus cases in the U.S. grows. But t
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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 [Yahoo! Finance]Yahoo! Finance
- 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
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