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Federal Home Loan Mortgage Corporation (FMCCH)

17.38

-0.28

(-1.59%)

At close: January 24 at 1:27:51 PM EST

Mortgage rates finally fall after 6-week climb

The average 30-year fixed-rate mortgage dropped below 7% after climbing for six consecutive weeks as the housing market sees little relief amid an affordability crisis.

Fox Business 2 days ago

FMCC
Average rate on 30-year mortgage slips below 7% after climbing five weeks in a row

The rate fell to 6.96% from 7.04% last week, mortgage buyer Freddie Mac said Thursday. Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners seeking to refinance their home loan to a lower rate, also eased this week. A year ago, it averaged 5.96%, Freddie Mac said.

Associated Press Finance 2 days ago

FMCC
The average rate on a 30-year mortgage slips to 6.96%, Freddie Mac says, ending a five-week climb

The average rate on a 30-year mortgage slips to 6.96%, Freddie Mac says, ending a five-week climb.

Associated Press Finance 2 days ago

FMCC
Mortgage Rates Drop Below Seven Percent

Primary Mortgage Market Survey® U.S. weekly average mortgage rates as of 01/23/2025 MCLEAN, Va., Jan. 23, 2025 (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 6.96 percent. “After crossing the 7%-mark last week, the 30-year fixed-rate mortgage saw its first decline in six weeks,” said Sam Khater, Freddie Mac’s Chief Economist. “While affordability challenges remain, thi

GlobeNewswire 2 days ago

FMCC

FMCCH
-1.59%
FMCCK
+3.69%
It's time for Fannie & Freddie to go private: Former FDIC chair

President Donald Trump made a lot of promises on the campaign trail, and now that his second term has begun, Wall Street is keeping a close eye on one in particular: the privatization of mortgage companies Fannie Mae (FNMA) and Freddie Mac (FMCC), which has been under government conservatorship since the 2008 financial crisis. Investors are bullish it could finally happen, with shares of Fannie quadrupling since his election. Sheila Bair, former chair of the FDIC agrees, saying it's time for Fannie and Freddie to go private again. "That is far too long for any financial institution or any institution to be in a government-run conservatorship," she said. "It hurts agility, it hurts decision-making, it hurts the ability to bring in top talent to get the tech that you need. So it does need to be privatized." Bair, who was chair of the Fannie Mae board from 2020 to 2022, explained that one of the reasons she agreed to join the board was because she believed Fannie Mae would be going private again. "That was one of the reasons I joined the board and became chair because I thought we were gonna exit," Bair said, "Which I think needs to happen. And a lot of preparation work had already been done. And then of course, the (2020) election happened and there was a complete shift in priorities." Now there's been another shift, and Trump has retaken the White House. Of course, the new administration has plenty of other things to focus on first, and the process to privatize Fannie and Freddie could take years, so it's anyone's guess as to whether President Trump will actually pull the trigger. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Conor White.

Yahoo Finance Video 2 days ago

FMCC

FMCCH
-1.59%
FMCCK
+3.69%
Which Trump Trades Worked—and Which Very Much Didn’t

Investors have struggled to navigate the election, underlining the difficulty Wall Street so often has with politics.

The Wall Street Journal 6 days ago

TSLA

CXW

GEO
Billionaire Bill Ackman Thinks Donald Trump Could Make These 2 Stocks Big Winners -- and Both Are Already Up Over 6X in the Last 12 Months

Billionaire Bill Ackman isn't as much of an activist investor as he used to be. Federal National Mortgage Association (OTC: FNMA) (commonly known as Fannie Mae) and Federal Home Loan Mortgage Corporation (OTC: FMCC) (commonly known as Freddie Mac) are government-sponsored enterprises (GSEs). It takes an act of Congress to create a GSE.

Motley Fool 7 days ago

FMCC

FNMA
Bessent Clears Senate Grilling, Paving Way for Confirmation

(Bloomberg) -- Treasury Secretary nominee Scott Bessent is on track to be confirmed following a confirmation hearing Thursday lacking the theatrics some of his would-be Trump administration colleagues have faced, with questions largely keeping to policy issues like the federal budget and trade tariffs.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesWill Americans Ever Lose Their Taste for Telework?S

Bloomberg 8 days ago

FNMA

FNMAG

FNMAI
Here’s how L.A. homeowners impacted by the wildfires can request mortgage relief

JPMorgan Chase and Bank of America have programs offering mortgage relief to homeowners impacted by the California wildfires.

Fortune 8 days ago

BAC

FMCC

FNMA
Trump May Privatize Fannie Mae and Freddie Mac. What It Means for Shareholders and Homeowners.

Wall Street has a pitch for Donald Trump: Cement your place in history as the “Art of the Deal” president with your biggest deal ever. Hedge fund managers like Bill Ackman have built huge stakes in Fannie Mae and Freddie Mac betting the government-sponsored entities will be privatized by the president-elect at some point in his second term. Trump has said he wants to do it.

Barrons.com 8 days ago

FMCC

FNMA
Mortgage Rates Top 7% for First Time Since Mid-2024

Mortgage rates rose above 7% for the first time since mid-2024, an early setback for a housing market that is coming off two consecutive years of poor sales. The average rate on the standard 30-year fixed mortgage rose to 7.04% this week, according to a survey of lenders by mortgage-finance giant Freddie Mac That marked the first time since May that it rose above 7%, an important psychological threshold for buyers and sellers. “Unfortunately, we’re at that point again,” said Calvin Lawhorn, president of Lawhorn & Associates Mortgage Company, where purchase and refinance volumes were down 20% from a year earlier in 2024.

The Wall Street Journal 9 days ago

FMCC

FMCCH
-1.59%
FMCCK
+3.69%
Trump Has a Path to Free Fannie, Freddie, Ackman Says. The Stocks Are Dropping.

Political challenges stand in the way of the president-elect pulling off what the hedge fund manager called “the biggest deal he’s ever done.”

Barrons.com 9 days ago

FMCC

FNMA
Your Money in the New Trump Administration: Four Things to Watch

President-elect Donald Trump is set to push a range of policies that could affect your finances. Trump wants to cut taxes. The incoming administration is sorting through its priorities ahead of inauguration next week.

The Wall Street Journal 9 days ago

FNMA

FNMAG

FNMAI
What Happens When Your House Burns Down and You Still Have a Mortgage?

Borrowers whose homes burned down are still on the hook for monthly mortgage payments in the long run, but might be able to get temporary relief. What options do borrowers have? Homeowners usually have the option to pause mortgage payments for as much as a year if they are impacted by a natural disaster.

The Wall Street Journal 9 days ago

FMCC

FMCCH
-1.59%
FMCCK
+3.69%
Mortgage rates rise past a key mark, signaling bad news for home buyers

The 30-year mortgage rate inched up for the fifth week in a row, Freddie Mac says, making it more expensive to take on a mortgage.

MarketWatch 9 days ago

FMCC
Average rate on 30-year mortgage hits 7% after 5th straight increase, now highest level since May

The rate rose to 7.04% from 6.93% last week, mortgage buyer Freddie Mac said Thursday. A year ago, it averaged 5.76%, Freddie Mac said. The uptick in the cost of home loans reflects a rise in the bond yields that lenders use as a guide to price mortgages, specifically the yield on the U.S. 10-year Treasury.

Associated Press Finance 9 days ago

FMCC
Mortgage rates rise above 7% for first time since May

Mortgage rates rose again for the sixth straight week, with the average 30-year fixed-rate note topping 7% for the first time since May as the housing market continues to struggle.

Fox Business 9 days ago

FMCC
Average rate on a 30-year mortgage edges above 7%, according to Freddie Mac, reaching its highest level in 8 months

Average rate on a 30-year mortgage edges above 7%, according to Freddie Mac, reaching its highest level in 8 months.

Associated Press Finance 9 days ago

FMCC
Mortgage rates climb above 7% to highest level since May

Mortgage rates topped 7% this week, a key psychological threshold, in a sign of the US housing market’s unrelenting affordability challenges.

CNN Business 9 days ago

FMCC
Mortgage Rates Surpass Seven Percent

Primary Mortgage Market Survey® U.S. weekly average mortgage rates as of 01/16/2025 MCLEAN, Va., Jan. 16, 2025 (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 7.04 percent. “Mortgage rates ticked up for the fifth consecutive week and crossed seven percent for the first time since May of 2024,” said Sam Khater, Freddie Mac’s Chief Economist. “The underlying strength of t

GlobeNewswire 9 days ago

FMCC

FMCCH
-1.59%
FMCCK
+3.69%

Performance Overview

Return	FMCCH	S&P 500
YTD	+1.11%	+3.29%
1-Year	+184.92%	+25.42%
3-Year	+341.12%	+38.73%

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Federal Home Loan Mortgage Corporation (FMCCH)

Mortgage rates finally fall after 6-week climb

Average rate on 30-year mortgage slips below 7% after climbing five weeks in a row

The average rate on a 30-year mortgage slips to 6.96%, Freddie Mac says, ending a five-week climb

Mortgage Rates Drop Below Seven Percent

It's time for Fannie & Freddie to go private: Former FDIC chair

Which Trump Trades Worked—and Which Very Much Didn’t

Billionaire Bill Ackman Thinks Donald Trump Could Make These 2 Stocks Big Winners -- and Both Are Already Up Over 6X in the Last 12 Months

Bessent Clears Senate Grilling, Paving Way for Confirmation

Here’s how L.A. homeowners impacted by the wildfires can request mortgage relief

Trump May Privatize Fannie Mae and Freddie Mac. What It Means for Shareholders and Homeowners.

Mortgage Rates Top 7% for First Time Since Mid-2024

Trump Has a Path to Free Fannie, Freddie, Ackman Says. The Stocks Are Dropping.

Your Money in the New Trump Administration: Four Things to Watch

What Happens When Your House Burns Down and You Still Have a Mortgage?

Mortgage rates rise past a key mark, signaling bad news for home buyers

Average rate on 30-year mortgage hits 7% after 5th straight increase, now highest level since May

Mortgage rates rise above 7% for first time since May

Average rate on a 30-year mortgage edges above 7%, according to Freddie Mac, reaching its highest level in 8 months

Mortgage rates climb above 7% to highest level since May

Mortgage Rates Surpass Seven Percent

Performance Overview