Previous close | 6.80 |
Open | 6.94 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's range | 6.89 - 6.95 |
52-week range | 2.03 - 6.95 |
Volume | |
Avg. volume | 2,111 |
Market cap | 3.17B |
Beta (5Y monthly) | 1.46 |
PE ratio (TTM) | 101.29 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | 12 Jun 2008 |
1y target est | N/A |
The rate rose to 7.03% from 6.94% last week, mortgage buyer Freddie Mac said Thursday. Higher mortgage rates can add hundreds of dollars a month in costs for borrowers, limiting homebuyers’ purchasing options. A year ago, it averaged 6.18%, Freddie Mac said.
The average rate on a 30-year mortgage dipped this week to just below 7% for the first time since mid April, a modest boost for home shoppers navigating a housing market dampened by rising prices and relatively few available properties. The rate fell to 6.94% from 7.02% last week, mortgage buyer Freddie Mac said Thursday. Higher mortgage rates can add hundreds of dollars a month in costs for borrowers, limiting homebuyers’ purchasing options.
Mortgage rates are widely expected to decline when the Federal Reserve cuts rates—but the timing is uncertain.