Following Elections Results and a Fed Rate Cut, Mortgage Rates Stall
Portfolio Pulse from
Freddie Mac released its Primary Mortgage Market Survey, indicating that the 30-year fixed-rate mortgage averaged 6.78% following election results and a Federal Reserve rate cut.
November 14, 2024 | 5:15 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Freddie Mac's report shows the 30-year fixed-rate mortgage averaged 6.78% after recent elections and a Fed rate cut, indicating a stall in mortgage rates.
The report from Freddie Mac indicates a stall in mortgage rates following significant events like elections and a Fed rate cut. This could stabilize FMCC's stock price in the short term as the market digests these changes.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80