Plunge in Mortgage Rates Spurs Refinancing Surge - Consider PFSI, VEL, GHLD [Yahoo! Finance]
Velocity Financial, Inc. (VEL)
Company Research
Source: Yahoo! Finance
Elevated interest rates also stretched their income. However, the Federal Reserve's recent dovish stance lowered mortgage rates and boosted refinancing activities. This makes PennyMac Financial Services, Inc . PFSI, Velocity Financial, Inc . VEL and Guild Holdings Company GHLD enticing buys at the moment. Let's have a closer look – Freddie Mac Report: Mortgage Rates at 2-Year Low For the week ending Sept. 26, the 30-year fixed mortgage averaged 6.08% compared with 7.31% in the same period a year ago, according to Freddie Mac. The 30-year mortgage rate's 4-week and 52-week averages were 6.18% and 6.89%, respectively. The 30-year loan has now touched its lowest level since mid-September 2022. The 15-year fixed-rate mortgage slipped to 5.16% from 6.72% in the same period last year, added the Freddie Mac report. The 4-week and 52-week average rates on the 15-year loan were 5.26% and 6.16%, respectively. Image Source: Freddie Mac Why Are Mortgage Rates Falling? In the September
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- Velocity Financial Inc (VEL) Q3 2024 Earnings Call Highlights: Record Origination Volumes and ... [Yahoo! Finance]Yahoo! Finance
- Velocity Financial, Inc. Reports Third Quarter 2024 ResultsBusiness Wire
- Velocity Financial, Inc. Announces Date of Third Quarter 2024 Financial Results Webcast and Conference CallBusiness Wire
- Zacks Industry Outlook Highlights Velocity Financial, Onity Group and PennyMac Financial Services [Yahoo! Finance]Yahoo! Finance
VEL
Earnings
- 11/7/24 - In-Line
VEL
Analyst Actions
- 11/12/24 - BTIG
VEL
Sec Filings
- 12/16/24 - Form EFFECT
- 12/13/24 - Form 8-K
- 12/13/24 - Form 424B5
- VEL's page on the SEC website