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Federal Home Loan Mortgage Corporation (FMCCM)
| Previous close | 5.83 |
| Open | 5.36 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 5.36 - 5.36 |
| 52-week range | 1.91 - 6.00 |
| Volume | |
| Avg. volume | 2,663 |
| Market cap | 2.41B |
| Beta (5Y monthly) | 1.46 |
| PE ratio (TTM) | 78.82 |
| 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 |
- Reuters
US 30-year fixed-rate mortgage falls to 7.09%, still too high to boost housing
U.S. mortgage rates fell this week for the first time in more than a month amid signs of slowing economic activity, but remain too high to provide a significant boost to the housing market. The average rate on the popular 30-year fixed-rate mortgage was down to 7.09% as of May 9, from 7.22% last week, ending five straight weekly increases, mortgage finance agency Freddie Mac said in a statement on Thursday. The decline in mortgage rates coincides with a drop in the 10-year Treasury yield following recent data showing a moderation economic and job growth.
- Associated Press Finance
Average long-term US mortgage rate snaps five-week string of increases, but remains above 7%
The average rate on a 30-year mortgage fell for the first time in four weeks, a slight relief for home shoppers already facing the challenges of rising housing prices and a shortage of homes for sale. The rate fell to 7.09% from 7.22% last week, mortgage buyer Freddie Mac said Thursday. When mortgage rates rise, they can add hundreds of dollars a month in costs for borrowers, limiting how much homebuyers can afford.
- Benzinga
Homebuyers Get Mixed News From Freddie Mac And The Federal Reserve
Prospective homebuyers got good news when Freddie Mac announced a downward adjustment to anticipated home price increases for 2024 and 2025. The revision comes just over a month after Freddie Mac predicted increases of 2.5% for 2024 and 2.1% for 2025. The mortgage lender predicts that the increase for 2024 and 2025 will be closer to 0.5%. Considering that most prospective homebuyers were already struggling with high prices and a lack of inventory, any news about a slowdown in price increases cou
