OTCPK:FMCCDiversified Financial
Does Rising Mortgage Rates And Resilient Demand Change The Bull Case For Freddie Mac (FMCC)?
In recent weeks, Freddie Mac reported that the average 30-year fixed US mortgage rate rose to 6.52%, while median home sale prices exceeded US$400,000 and pending sales weakened amid elevated housing costs and inflation pressures.
Despite higher borrowing costs, Freddie Mac highlighted that existing home sales reached a five-month high as buyers looked past short-term rate moves, suggesting renewed confidence in homeownership.
We’ll now examine how rising mortgage rates alongside resilient...