Mortgage Rates Drop Below Seven Percent
Portfolio Pulse from
Freddie Mac announced that the average 30-year fixed-rate mortgage has dropped below seven percent, now at 6.96 percent, according to their Primary Mortgage Market Survey.
January 23, 2025 | 5:15 pm
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Freddie Mac's announcement of a drop in mortgage rates to 6.96% could influence the housing market and potentially affect FMCC's stock price.
The drop in mortgage rates is significant for Freddie Mac as it may lead to increased mortgage applications and refinancing activities, potentially boosting their business. This positive development could lead to a short-term increase in FMCC's stock price.
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