OTCPK:FMCCDiversified Financial
Freddie Mac (OTCPK:FMCC) Stock Valuation As Higher Mortgage Rates Meet Stronger Homebuyer Demand
Mortgage rate move puts focus on Federal Home Loan Mortgage stock
Freddie Mac’s latest survey showed the average 30-year fixed mortgage rate at 6.52%, even as stronger employment trends helped existing home sales reach a five-month high and signaled renewed buyer confidence.
That mix of higher borrowing costs and improving demand is front and center for investors watching Federal Home Loan Mortgage (FMCC), a core player in the US secondary mortgage market through its single-family and...