Federal Home Loan Mortgage Corporation (FMCCH)
- Associated Press Finance
Average long-term US mortgage rate snaps five-week string of increases, but remains above 7%
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.
- Bloomberg
Mortgage Rates in the US Decline for the First Time in Six Weeks
(Bloomberg) -- Mortgage rates in the US fell, switching direction after five weeks of increases.Most Read from BloombergMicrosoft’s Xbox Is Planning More Cuts After Studio ClosingsAmericans Are Racking Up ‘Phantom Debt’ That Wall Street Can’t Track‘Seriously Underwater’ Home Mortgages Tick Up Across the USArm Slides as Tepid Outlook Fuels Concerns Over AI SlowdownThe average for a 30-year, fixed loan was 7.09%, down from 7.22% last week, Freddie Mac said in a statement Thursday.Homebuyers are ge
- GlobeNewswire
Mortgage Rates Decrease for the First Time Since March
Primary Mortgage Market Survey® U.S. weekly average mortgage rates as of 05/09/2024 MCLEAN, Va., May 09, 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 7.09 percent. “After a five week climb, mortgage rates ticked down following a weaker than expected jobs report,” said Sam Khater, Freddie Mac’s Chief Economist. “An environment where rates continue to hover above
