Freddy

Mortgage Rates Dip Down

Retrieved on: 
Thursday, March 7, 2024

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

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

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

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.

Award-Winning Distillery Buffalo Trace Selects Premium Barrel for Holland America Line

Retrieved on: 
Thursday, February 15, 2024

SEATTLE, Feb. 15, 2024 /PRNewswire/ -- Holland America Line's beverage program is introducing an exclusive single barrel select bourbon from Buffalo Trace Distillery, the oldest continuously operating distillery in the United States. This premium offering, curated by Sazerac Master Blender Drew Mayville and Kentucky Bourbon Hall of Fame inductee Freddie Johnson, will be available fleetwide in March while supplies last.

Key Points: 
  • SEATTLE, Feb. 15, 2024 /PRNewswire/ -- Holland America Line's beverage program is introducing an exclusive single barrel select bourbon from Buffalo Trace Distillery, the oldest continuously operating distillery in the United States.
  • The opportunity to serve this unique bourbon arose when Mayville, an avid Holland America Line cruiser, endorsed the cruise line for the prestigious Sazerac Barrel Select program — an honor limited to only a few participants each year.
  • Mayville reflected on the experience, stating: "We aimed to select an expressive and distinctive barrel for Holland America Line, confident that their guests would enjoy trying something truly unique to the cruise line."
  • For more information about Holland America Line, consult a travel advisor, call 1-877-SAIL HAL (877-724-5425) or visit hollandamerica.com .

Mortgage Rates Show Little Movement

Retrieved on: 
Thursday, February 8, 2024

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.

Mortgage Rates Tick Down

Retrieved on: 
Thursday, February 1, 2024

MCLEAN, Va., Feb. 01, 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 6.63 percent.

Key Points: 
  • MCLEAN, Va., Feb. 01, 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 6.63 percent.
  • “Although affordability continues to impact homeownership, the combination of a solid economy, strong demographics and lower mortgage rates are setting the stage for a more robust housing market,” said Sam Khater, Freddie Mac’s Chief Economist.
  • Khater elaborated, “Mortgage rates have been stable for nearly two months, but with continued deceleration in inflation we expect rates to decline further.
  • The economy continues to outperform due to solid job and income growth, while household formation is increasing at rates above pre-pandemic levels.

Mortgage Rates Inch Up but Remain in the Mid-Six Percent Range

Retrieved on: 
Thursday, January 25, 2024

MCLEAN, Va., Jan. 25, 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 6.69 percent.

Key Points: 
  • MCLEAN, Va., Jan. 25, 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 6.69 percent.
  • “The 30-year fixed-rate has remained within a very narrow range over the last month, settling in at 6.69% this week,” said Sam Khater, Freddie Mac’s Chief Economist.
  • “Given this stabilization in rates, potential homebuyers with affordability concerns have jumped off the fence back into the market.
  • The 15-year FRM averaged 5.96 percent, up from last week when it averaged 5.76 percent.

Roy Swan to Join Freddie Mac’s Board of Directors

Retrieved on: 
Wednesday, January 17, 2024

MCLEAN, Va., Jan. 17, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced the election of Roy Swan to its Board of Directors effective February 19, 2024.

Key Points: 
  • MCLEAN, Va., Jan. 17, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced the election of Roy Swan to its Board of Directors effective February 19, 2024.
  • Swan is an executive with more than 30-years of experience in law, banking, corporate finance, public policy and investment management.
  • “Roy Swan’s experience in financial services and his work overseeing mission and community development investments established him as a major player in impact investing,” said Lance Drummond, Chair-Elect of Freddie Mac’s Board of Directors.
  • Mr. Swan is a member of the board of the Global Impact Investing Network and trustee of Parnassus Funds.

Mortgage Rates Continue to Hover in the Mid-Six Percent Range

Retrieved on: 
Thursday, January 11, 2024

MCLEAN, Va., Jan. 11, 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 6.66 percent.

Key Points: 
  • MCLEAN, Va., Jan. 11, 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 6.66 percent.
  • “Mortgage rates have not moved materially over the last three weeks and remain in the mid-six percent range, which has marginally increased homebuyer demand,” said Sam Khater, Freddie Mac’s Chief Economist.
  • “Even this slight uptick in demand, combined with inventory that remains tight, continues to cause prices to rise faster than incomes, meaning affordability remains a major headwind for buyers.
  • The 15-year FRM averaged 5.87 percent, down from last week when it averaged 5.89 percent.