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The 30-year fixed-rate mortgage rose and averaged 7.22% as of May 2, according to data released by Freddie Mac FMCC, +0.21% on Thursday.
MCLEAN, Va., April 30, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB:FMCC) announced today that it plans to report its First Quarter 2024 financial results before the U.S. financial markets open on Wednesday, May 1, 2024.
Housing giant Freddie Mac wants the greenlight to expand its already dominant footprint in the estimated $44.8 trillion U.S. housing market. Not everyone is on board.
Declining boomer ownership will free up 9.2 million homes by 2035, a Freddie Mac report found. The 32 million homes owned by boomers will drop to 23 million by 2035, when the oldest members of the group are pushing 90.
MCLEAN, Va., Feb. 13, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB:FMCC) announced today that it plans to report its Fourth Quarter and Full-Year 2023 financial results before the U.S. financial markets open on Wednesday, February 14, 2024.
Mortgage rates have fallen for the past nine straight weeks. Mortgage applications and new home listings have simultaneously surged.
Interest rates on the most common type of U.S. home loan fell for a sixth straight week to the lowest in almost four months on the back of a bond market rally that has driven down yields on the securities used to set mortgage costs, data out Thursday showed.
MCLEAN, Va., Oct. 31, 2023 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB:FMCC) announced today that it plans to report its Third Quarter 2023 financial results before the U.S. financial markets open on Wednesday, November 1, 2023.
The average interest rate for a 30-year fixed-rate mortgage rose to 7.79% this week, continuing an upward trend that is putting further pressure on the housing market.
U.S. homes may be wildly unaffordable for first-time buyers, but mortgage bonds backed by those same properties could be dirt cheap.