Heading into the Holidays, Mortgage Rates Increase
Portfolio Pulse from
Freddie Mac's latest Primary Mortgage Market Survey reveals an increase in the 30-year fixed-rate mortgage to an average of 6.72%. This rise in mortgage rates comes as the holiday season approaches.
December 19, 2024 | 5:15 pm
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NEUTRAL IMPACT
Freddie Mac's report indicates a rise in the 30-year fixed mortgage rate to 6.72%, which could impact housing market dynamics and influence FMCC's stock performance.
The increase in mortgage rates could affect the housing market, potentially slowing down home purchases. This may have a neutral to slightly negative impact on FMCC's stock as it could influence their mortgage-backed securities business. However, the direct impact on FMCC's stock price is uncertain, hence a neutral score.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100