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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Federal Home Loan Mortgage Corporation (QB) | USOTC:FMCC | OTCMarkets | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.02 | -1.46% | 1.35 | 1.33 | 1.36 | 1.38 | 1.30 | 1.37 | 1,062,771 | 21:00:05 |
From May 2022 to May 2024
By Dean Seal
Mortgage rates are trending lower as the spring homebuying season ramps up, with the average rate on the popular 30-year fixed-rate mortgage ticking down for the fourth week in a row.
In the week ending Thursday, the average rate on a 30-year fixed-rate mortgage slid to 6.28% from 6.32% the prior week. A year ago, the average rate was 4.72%.
The average 15-year rate jumped to 5.64% from 5.56% last week, Freddie Mac said. A year ago, the 15-year fixed-rate mortgage rate averaged 3.91%.
"Mortgage rates continue to trend down entering the traditional spring homebuying season," said Sam Khater, Freddie Mac's chief economist. "Unfortunately, those in the market to buy are facing a number of challenges, not the least of which is the low inventory of homes for sale, especially for aspiring first-time homebuyers."
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
April 06, 2023 12:14 ET (16:14 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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