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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 | |
---|---|---|---|---|---|---|---|---|---|---|
-0.07 | -4.90% | 1.36 | 1.36 | 1.39 | 1.45 | 1.35 | 1.39 | 582,422 | 20:59:12 |
Average fixed mortgage rates in the U.S. eased for a fifth straight week, with the 30-year fixed rate reaching the lowest level since late October, according to mortgage-finance company Freddie Mac (FMCC).
The latest decline in fixed mortgage rates came amid reports that existing home sales are up 1.3% but not as much as expected, Freddie Mac Chief Economist Frank Nothaft said in a statement Thursday. However, new home sales rose 6.4% in April, which followed an upward revision for the previous two months.
For the week ended Thursday, the 30-year fixed-rate mortgage averaged 4.12%, compared with 4.14% a week earlier and 3.81% a year earlier. Rates on 15-year fixed-rate mortgages averaged 3.21%, compared with 3.25% the previous week and 2.98% a year earlier.
Five-year Treasury-indexed hybrid adjustable-rate mortgages, or ARMs, on average, was at 2.96%, unchanged from the previous week and up from 2.66% a year earlier. One-year Treasury-indexed ARM rates on average were 2.41%, compared with 2.43% the previous week and 2.54% a year earlier.
Write to Tess Stynes at tess.stynes@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year Federal Home Loan Mortgage (QB) Chart |
1 Month Federal Home Loan Mortgage (QB) Chart |
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