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Federal Home Loan Mortgage Corporation (FMCCP)
| Previous close | 6.89 |
| Open | 6.87 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 6.87 - 6.89 |
| 52-week range | 2.20 - 6.89 |
| Volume | |
| Avg. volume | 791 |
| Market cap | 2.735B |
| Beta (5Y monthly) | 1.46 |
| PE ratio (TTM) | 101.32 |
| 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 |
- Associated Press Finance
Long-term mortgage rates ease for third straight week, dipping to just below 7%
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.
- Barrons.com
Mortgage Rates Drop Below 7%. It May Not Last.
Mortgage rates are widely expected to decline when the Federal Reserve cuts rates—but the timing is uncertain.
- Associated Press Finance
Long-term mortgage rates retreat for second straight week, US average at 7.02%
The average 30-year rate fell to 7.02% from 7.09% 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. “The decrease in rates, albeit small, may provide a bit more wiggle room in the budgets of prospective homebuyers,” said Sam Khater, Freddie Mac’s chief economist.
