Freddie Mac (FMCC) News
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FMCC News Highlights
- FMCC's 30 day story count now stands at 20.
- Over the past 14 days, the trend for FMCC's stories per day has been choppy and unclear. It has oscillated between 2 and 7.
- The most mentioned tickers in articles about FMCC are DEC, SAM and COOK.
Latest FMCC News From Around the Web
Below are the latest news stories about FEDERAL HOME LOAN MORTGAGE CORP that investors may wish to consider to help them evaluate FMCC as an investment opportunity.
Mortgage rates drop for the ninth week in a rowUS mortgage rates continued to drop this week, which extends the good news for home buyers who have been facing the least affordable housing market since the 1980s. |
Mortgage Rates Continue to Fall. Where the Housing Market Is Heating Up.Mortgage rates are falling, which could fuel a real estate market turnaround. The average 30-year fixed mortgage rate was 6.61% this week, Freddie Mac said Thursday. A housing market turnaround is coming, experts say. |
Mortgage rates slide to lowest since May - Freddie MacThe interest rate on a 30-year fixed-rate mortgage averaged 6.61% as of Dec. 28, down from 6.67% a week earlier. Rates, which had tumbled to below 3% during the height of the COVID-19 pandemic, had surged starting in 2022 when the Federal Reserve began an aggressive rate hiking campaign to rein in inflation. The Fed recently signaled that it is done with rate hikes and is likely to start lowering them in 2024. |
Average long-term mortgage rates dip for 9th straight week, sliding to lowest level since MayThe average long-term U.S. mortgage rate retreated for the ninth straight week to reach its lowest level since May. The average rate on a 30-year mortgage dipped to 6.61% from 6.67% last week, mortgage buyer Freddie Mac said Thursday. Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also inched down this week, with the average rate falling to 5.93% from 5.95% last week. |
Heading into the New Year, Mortgage Rates Remain on a Downward TrendPrimary Mortgage Market Survey® U.S. weekly average mortgage rates as of 12/28/2023 MCLEAN, Va., Dec. 28, 2023 (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 6.61 percent. “The rapid descent of mortgage rates over the last two months stabilized a bit this week, but rates continue to trend down,” said Sam Khater, Freddie Mac’s Chief Economist. “Heading into the new year |
Mortgage Rates in US Fall to Lowest Since May, Dropping to 6.61%(Bloomberg) -- Mortgage rates in the US continued their decline, ending the year at the lowest level since May.Most Read from BloombergThe Late-Night Email to Tim Cook That Set the Apple Watch Saga in MotionChinese Carmaker Overtakes Tesla as World’s Most Popular EV MakerBridgewater CEO’s Past Office Romance Led to Favoritism ClaimsL’Oreal Heir Francoise Bettencourt Meyers Becomes First Woman With $100 Billion FortuneXiaomi Unveils Its First EV, With Ambition to Be China’s Porsche or TeslaThe av |
Looking Back at 2023's Wild Ride for Mortgage Rates, What's In Store for 2024?After sinking last winter, mortgage rates shot up to 23-year high levels this fall. Fortunately for home buyers, rates have since shed more than a percentage point. |
Lock-In Effect Grows for Homeowners with Low Mortgage RatesFreddie Mac reports more growth in the “lock-in effect,” with homeowners now saving as much as $66,000 thanks to lower mortgage rates. |
Freddie Mac Issues Monthly Volume Summary for November 2023MCLEAN, Va., Dec. 21, 2023 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today posted to its website its Monthly Volume Summary for November 2023, which provides information on Freddie Mac’s mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities and other investments. Freddie Mac’s mission is to make home possible for families across the nation. We promote liquidity, stability, affordability and equity in the housing market throughout all economic cycle |
Mortgage rates continue downward trend, housing market still sluggishMortgage rates continued their downward trajectory this week in a trend that is welcome for prospective buyers, but the real estate market remains largely stalled due to high prices. |