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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.38 | 1.38 | 1.39 | 1.43 | 1.38 | 1.42 | 405,793 | 20:59:08 |
By Chelsey Dulaney
Average fixed mortgage rates in the U.S. fell in the latest week, according to mortgage-finance company Freddie Mac (FMCC).
Freddie Mac Chief Economist Frank Nothaft said Thursday that the drop followed weaker-than-expected pending home sales data.
For the week ended Thursday, the 30-year fixed-rate mortgage averaged 3.59%, compared with 3.66% a week earlier and 4.32% a year earlier. Rates on 15-year fixed-rate mortgages averaged 2.92%, compared with 2.98% the previous week and 3.4% a year earlier.
Five-year Treasury-indexed hybrid adjustable-rate mortgages, or ARMs, on average, were at 2.82%, compared with 2.86% the previous week and 3.12% a year earlier. One-year Treasury-indexed ARM rates on average were 2.39%, compared with 2.38% the previous week and 2.55% a year earlier.
Write to Tess Stynes at tess.stynes@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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