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Federal Home Loan Mortgage Corporation (FMCC)
- Associated Press Finance
Average long-term US mortgage rate rises for again, reaching highest level more than five months
The average rate on a 30-year mortgage climbed this week to its highest level in more than five months, pushing up borrowing costs for prospective homebuyers in what's typically the housing market's busiest stretch of the year. The rate rose to 7.22% from 7.17% last week, mortgage buyer Freddie Mac said Thursday. When mortgage rates rise, they can add hundreds of dollars a month in costs for borrowers.
- GlobeNewswire
Rates Increase Again and at a Key Moment for the Housing Market
Primary Mortgage Market Survey® U.S. weekly average mortgage rates as of 05/02/2024 MCLEAN, Va., May 02, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 7.22 percent. “The 30-year fixed-rate mortgage increased for the fifth consecutive week as we enter the heart of Spring Homebuying Season,” said Sam Khater, Freddie Mac’s Chief Economist. “On average, more than one
- GuruFocus.com
Federal Home Loan Mortgage Corp (FMCC) Q1 2024 Earnings Call Transcript Highlights: Strong ...
FMCC reports a significant rise in net income and continued support for first-time homebuyers, despite facing headwinds from higher mortgage rates and cooling house prices.
