Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     

FEDERAL HOME LOAN MORTGAGE CORPORATION

(FMCC)
  Report
Delayed OTC Markets  -  03:57 2022-09-30 pm EDT
0.5237 USD   +0.61%
09/29Mortgage rates rise for sixth straight week to nearly 7%
AQ
09/29US long-term mortgage rates up for 6th week; 30-year at 6.7%
AQ
09/29Mortgage Rates Rise for the Sixth Consecutive Week
AQ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

U.S. mortgage rates rise to 6.29%, highest in 14 years

09/22/2022 | 05:31pm EDT
FILE PHOTO: Home for sale sign hangs in front of a house in Oakton

(Reuters) - U.S. 30-year fixed-rate mortgages rose to 6.29% on Thursday, the highest level since 2008, according to Freddie Mac's mortgage market survey.

Last week, rates averaged 6.02%. A year ago, home buyers enjoyed rates of 2.88%.

The Federal Reserve's aggressive monetary policy tightening, including a 75 basis point hike announced on Wednesday, has weakened the housing market considerably.

The Freddie Mac survey found that 15-year fixed rate mortgages averaged at 5.44% up from 5.21% the week before and 2.15% a year-ago.

"The housing market continues to face headwinds as mortgage rates increase again this week, following the 10-year Treasury yield's jump to its highest level since 2011," said Sam Khater, Freddie Mac's chief economist in a statement.

"Impacted by higher rates, house prices are softening, and home sales have decreased. However, the number of homes for sale remains well below normal levels."

The 5-year Treasury indexed hybrid adjustable-rate mortgage averaged 4.97% in the latest survey up from 4.93% last week and 2.43% last week.

(Reporting by Sinéad Carew; Editing by Lisa Shumaker)


© Reuters 2022
All news about FEDERAL HOME LOAN MORTGAGE CORPORATION
09/29Mortgage rates rise for sixth straight week to nearly 7%
AQ
09/29US long-term mortgage rates up for 6th week; 30-year at 6.7%
AQ
09/29Mortgage Rates Rise for the Sixth Consecutive Week
AQ
09/29Correction to Mortgage Rates Climb Article
DJ
09/29Mortgage Rates Climb for Sixth Consecutive Week
DJ
09/28U.S. pending home sales post third straight monthly decline in August
RE
09/28DBRS Morningstar Takes Rating Actions on 22 Freddie Mac-Issued CMBS Transactions and On..
AQ
09/26Freddie Mac Issues Monthly Volume Summary for August 2022
AQ
09/22U.S. mortgage rates rise to 6.29%, highest in 14 years
RE
09/22Federal Home Loan Mortgage : Freddie Mac Reminds Homeowners Affected by Hurricane Fiona of..
PU
More news
Financials (USD)
Sales 2022 16 571 M - -
Net income 2022 10 121 M - -
Net Debt 2022 - - -
P/E ratio 2022 0,22x
Yield 2022 -
Capitalization 1 687 M 1 687 M -
Capi. / Sales 2022 0,10x
Capi. / Sales 2023 0,11x
Nbr of Employees 7 301
Free-Float 54,6%
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 UNDERPERFORM
Number of Analysts 2
Last Close Price 0,52 $
Average target price 0,80 $
Spread / Average Target 52,8%
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
Jerry Mauricio Chief Compliance Officer & Senior Vice President