Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

FEDERAL HOME LOAN MORTGAGE CORPORATION

(FMCC)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Mortgage Rates Remain Flat in Latest Week

12/02/2021 | 10:37am EST

By Kimberly Chin

Average rates on residential mortgages were flat in the latest week, according to government mortgage-finance company Freddie Mac.

The average 30-year fixed-rate mortgage carried a rate of 3.11% for the week ended Thursday, roughly unchanged from a week earlier, according to Freddie Mac's survey. The rate a year ago was 2.71%.

Fifteen-year mortgages averaged 2.39%, slightly lower than the 2.42% it averaged last week. Last year at this time, the 15-year mortgage averaged 2.26%.

The rate on five-year Treasury-indexed hybrid adjustable-rate mortgages, or ARMs, averaged 2.49% in the latest week, up from 2.47% last week. The five-year ARM averaged 2.86% a year earlier.

"The consistency of rates in the face of changes in the economy is primarily due to the evolution of the pandemic, which lingers and continues to pose uncertainty," Freddie Mac Chief Economist Sam Khater said in prepared remarks, adding the low mortgage rate environment should be favorable to those seeking refinancing.

Write to Kimberly Chin at kimberly.chin@wsj.com

(END) Dow Jones Newswires

12-02-21 1037ET

All news about FEDERAL HOME LOAN MORTGAGE CORPORATION
01/14Freddie Mac Prices $1.1 Billion Multifamily K-Deal, K-137
GL
01/14ABA-THOMPSON : Congress Must Determine Future of Fannie, Freddie
AQ
01/13Freddie Mac Announces Pricing of $400 Million Multifamily Small Balance Loan Securitiza..
GL
01/13Freddie Mac Announces Pricing of $400 Million Multifamily Small Balance Loan Securitiza..
GL
01/13Freddie Mac Announces Pricing of $400 Million Multifamily Small Balance Loan Securitiza..
CI
01/13Freddie Mac Hits 2021 Multifamily Cap with $70.7 Billion in Total Housing Finance Suppo..
AQ
01/13Mortgage Rates Rise in Second Week of 2022
DJ
01/13Mortgage Rates Increase Significantly
AQ
01/12Freddie Mac's AIMI Shows Favorable Multifamily Investment Environment Across All Market..
AQ
01/11Freddie Mac Prices $829 Million Multifamily K-Deal, K-F128
GL
More news
Financials (USD)
Sales 2021 17 871 M - -
Net income 2021 12 621 M - -
Net Debt 2021 - - -
P/E ratio 2021 0,22x
Yield 2021 -
Capitalization 2 820 M 2 820 M -
Capi. / Sales 2021 0,16x
Capi. / Sales 2022 0,18x
Nbr of Employees 6 922
Free-Float -
Chart FEDERAL HOME LOAN MORTGAGE CORPORATION
Duration : Period :
Federal Home Loan Mortgage Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 2
Last Close Price 0,88 $
Average target price 0,50 $
Spread / Average Target -42,9%
EPS Revisions
Managers and Directors
Michael J. DeVito Chief Executive Officer & Director
Michael Thomas Hutchins President
Christian Mark Lown Chief Financial Officer & Executive Vice President
S. Sara Mathew Non-Executive Chairman
Frank Nazzaro Chief Information Officer & Executive VP