Mortgage Rates Continue to Rise
Portfolio Pulse from
Freddie Mac released its Primary Mortgage Market Survey, indicating that the 30-year fixed-rate mortgage averaged 6.79%.
November 07, 2024 | 5:15 pm
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NEUTRAL IMPACT
Freddie Mac's report shows an increase in the 30-year fixed-rate mortgage to 6.79%, which may impact housing market dynamics and Freddie Mac's financial performance.
The rise in mortgage rates could affect the housing market, potentially impacting Freddie Mac's business. However, the direct impact on FMCC's stock price is uncertain, leading to a neutral short-term score.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100