Previous close | 5.50 |
Open | 5.48 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's range | 5.50 - 5.50 |
52-week range | 2.05 - 6.00 |
Volume | |
Avg. volume | 296 |
Market cap | 2.435B |
Beta (5Y monthly) | N/A |
PE ratio (TTM) | 80.88 |
EPS (TTM) | 0.07 |
Earnings date | 31 Jul 2024 - 05 Aug 2024 |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | 12 Jun 2008 |
1y target est | N/A |
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.
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
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.