Previous close | 3.3900 |
Open | 3.3900 |
Bid | 0.0000 x 0 |
Ask | 0.0000 x 0 |
Day's range | 3.3900 - 3.3900 |
52-week range | 1.2100 - 3.5000 |
Volume | |
Avg. volume | 3,150 |
Market cap | 2.685B |
Beta (5Y monthly) | 1.46 |
PE ratio (TTM) | 49.85 |
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 |
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.
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.
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