FRM

Mortgage Rates Continue to Show Little Movement

Retrieved on: 
Thursday, April 4, 2024
Consumer, Freddy, FRM, OTCQB, Freddie Mac, Housing, Movement, FMCC, Real estate

MCLEAN, Va., April 04, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey ® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.82 percent.

Key Points: 
  • MCLEAN, Va., April 04, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey ® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.82 percent.
  • "Mortgage rates showed little movement again this week, hovering around 6.8 percent,” said Sam Khater, Freddie Mac’s Chief Economist.
  • “Since the start of 2024, the 30-year fixed-rate mortgage has not reached seven percent but has not dropped below 6.6 percent either.
  • While incoming economic signals indicate lower rates of inflation, we do not expect rates will decrease meaningfully in the near-term.

Mortgage Rates Drop Slightly

Retrieved on: 
Thursday, March 28, 2024
Consumer, Freddy, FRM, OTCQB, Freddie Mac, Housing, FMCC, Real estate

MCLEAN, Va., March 28, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey ® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.79 percent.

Key Points: 
  • MCLEAN, Va., March 28, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey ® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.79 percent.
  • “Mortgage rates moved slightly lower this week, providing a bit more room in the budgets of some prospective homebuyers,” said Sam Khater, Freddie Mac’s Chief Economist.
  • “We also are seeing encouraging data on existing home sales, which reflects improving inventory.
  • Regardless, rates remain elevated near seven percent as markets watch for signs of cooling inflation, hoping that rates will come down further.”
    The 30-year FRM averaged 6.79 percent as of March 28, 2024, down from last week when it averaged 6.87 percent.

Mortgage Rates Increase, Nearing Seven Percent

Retrieved on: 
Thursday, March 21, 2024
Federal Reserve, Consumer, Freddy, Federal, FRM, OTCQB, Freddie Mac, Housing, FMCC, Real estate

MCLEAN, Va., March 21, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.87 percent.

Key Points: 
  • MCLEAN, Va., March 21, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.87 percent.
  • “After decreasing for a couple of weeks, mortgage rates are once again on the upswing,” said Sam Khater, Freddie Mac’s Chief Economist.
  • “As the spring homebuying season gets underway, existing home inventory has increased slightly and new home construction has picked up.
  • The 15-year FRM averaged 6.21 percent, up from last week when it averaged 6.16 percent.

Mortgage Rates Continue to Decrease

Retrieved on: 
Thursday, March 14, 2024
Consumer, Freddy, FRM, OTCQB, Pressure, Freddie Mac, Housing, FMCC, Environment, Real estate

MCLEAN, Va., March 14, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey ® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.74 percent.

Key Points: 
  • MCLEAN, Va., March 14, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey ® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.74 percent.
  • “The 30-year fixed-rate mortgage decreased again this week, with declines totaling almost a quarter of a percent in two weeks’ time,” said Sam Khater, Freddie Mac’s Chief Economist.
  • “Despite the recent dip, mortgage rates remain high as the market contends with the pressure of sticky inflation.
  • In this environment, there is a good possibility that rates will stay higher for a longer period of time.”
    The 30-year FRM averaged 6.74 percent as of March 14, 2024, down from last week when it averaged 6.88 percent.

PrometAI Launches Innovative AI Business Plan and Valuation Generator

Retrieved on: 
Thursday, March 14, 2024
Intelligence, Algorithm, FRM, CFA, Artificial intelligence, Heart, Consultant, AI

WILMINGTON, Del., March 14, 2024 /PRNewswire-PRWeb/ -- PrometAI proudly announces the launch of an innovative AI business plan generator. This revolutionary product is set to redefine the landscape of artificial intelligence, offering a wide range of benefits and capabilities.

Key Points: 
  • PrometAI, your online free AI business plan generator, emphasizes the significance of the planning process.
  • With PrometAI, you're not just drafting a plan; you're engaging in a comprehensive planning experience that equips you for any business challenge.
  • WILMINGTON, Del., March 14, 2024 /PRNewswire-PRWeb/ -- PrometAI proudly announces the launch of an innovative AI business plan generator .
  • Designed to empower entrepreneurs and startup founders, PrometAI simplifies the complex task of creating detailed business plans and valuation materials.

Mortgage Rates Dip Down

Retrieved on: 
Thursday, March 7, 2024
OTCQB, Freddy, FRM, Consumer, Housing, FMCC, Freddie Mac, Real estate

MCLEAN, Va. , March 07, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.88 percent.

Key Points: 
  • MCLEAN, Va. , March 07, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.88 percent.
  • “Evidence that purchase demand remains sensitive to interest rate changes was on display this week, as applications rose for the first time in six weeks in response to lower rates,” said Sam Khater, Freddie Mac’s Chief Economist.
  • “Mortgage rates continue to be one of the biggest hurdles for potential homebuyers looking to enter the market.
  • It’s important to remember that rates can vary widely between mortgage lenders so shopping around is essential.”
    The 30-year FRM averaged 6.88 percent as of March 7, 2024, down from last week when it averaged 6.94 percent.

Mortgage Rates Increase for the Fourth Consecutive Week

Retrieved on: 
Thursday, February 29, 2024
OTCQB, Freddy, FRM, Consumer, Housing, FMCC, Freddie Mac, Real estate

MCLEAN, Va., Feb. 29, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.94 percent.

Key Points: 
  • MCLEAN, Va., Feb. 29, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.94 percent.
  • "Mortgage rates continued their ascent this week, reaching a two-month high and flirting with seven percent yet again,” said Sam Khater, Freddie Mac’s Chief Economist.
  • “The recent boomerang in rates has dampened already tentative homebuyer momentum as we approach the spring, a historically busy season for homebuying.
  • The 15-year FRM averaged 6.26 percent, down from last week when it averaged 6.29 percent.

Mortgage Rates Continue to Rise, Nearing Seven Percent

Retrieved on: 
Thursday, February 22, 2024
News, OTCQB, Freddy, FRM, Consumer, Housing, FMCC, Freddie Mac, Real estate

MCLEAN, Va., Feb. 22, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey ® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.90 percent.

Key Points: 
  • MCLEAN, Va., Feb. 22, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey ® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.90 percent.
  • "Strong incoming economic and inflation data has caused the market to re-evaluate the path of monetary policy, leading to higher mortgage rates,” said Sam Khater, Freddie Mac’s Chief Economist.
  • “Historically, the combination of a vibrant economy and modestly higher rates did not meaningfully impact the housing market.
  • The 15-year FRM averaged 6.29 percent, up from last week when it averaged 6.12 percent.

Mortgage Rates Rise

Retrieved on: 
Thursday, February 15, 2024
OTCQB, Freddy, FRM, Consumer, Housing, FMCC, Freddie Mac, Real estate

MCLEAN, Va., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey ® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.77 percent.

Key Points: 
  • MCLEAN, Va., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey ® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.77 percent.
  • "On the heels of consumer prices rising more than expected, mortgage rates increased this week,” said Sam Khater, Freddie Mac’s Chief Economist.
  • “The economy has been performing well so far this year and rates may stay higher for longer, potentially slowing the spring homebuying season.
  • According to our data, mortgage applications to buy a home so far in 2024 are down in more than half of all states compared to a year earlier.”
    The 30-year FRM averaged 6.77 percent as of February 15, 2024, up from last week when it averaged 6.64 percent.

Mortgage Rates Show Little Movement

Retrieved on: 
Thursday, February 8, 2024
FRM, Freddy, Freddie Mac, Consumer, FMCC, Housing, OTCQB

MCLEAN, Va., Feb. 08, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey ® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.64 percent.

Key Points: 
  • MCLEAN, Va., Feb. 08, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey ® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.64 percent.
  • “Mortgage rates remain stagnant, hovering in the mid-six percent range over the past several weeks,” said Sam Khater, Freddie Mac’s Chief Economist.
  • “The economy and labor market remain strong with wage growth outpacing inflation, which is keeping consumer spending robust.
  • The 15-year FRM averaged 5.90 percent, down from last week when it averaged 5.94 percent.