Federal Home Loan Mortgage Corporation (FMCC)
| Previous close | 1.3650 |
| Open | 1.3500 |
| Bid | 0.0000 x 0 |
| Ask | 0.0000 x 0 |
| Day's range | 1.3400 - 1.3800 |
| 52-week range | 0.4000 - 1.7500 |
| Volume | |
| Avg. volume | 2,142,882 |
| Market cap | 897.083M |
| Beta (5Y monthly) | 1.48 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -0.0500 |
| Earnings date | 01 May 2024 - 06 May 2024 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | 12 June 2008 |
| 1y target est | 2.50 |
BloombergFlorida’s Home Insurance Industry May Be Worse Than Anyone Realizes
(Bloomberg) -- Seven property insurers in Florida went bankrupt in 2021 and 2022. The bankruptcies left thousands of homeowners scrambling to get new coverage, which often came with a big increase in cost. Worse, many had outstanding claims for hurricane damage that had not been addressed.Most Read from BloombergBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsZuckerberg Asks for Patience After Meta’s AI Push Irks InvestorsTaylor Swift Is Proof That How We Critique Music
FortuneThe outlook for home prices has changed drastically in just the past month as Fed rate cuts look more and more distant
Freddie Mac said home prices will increase 0.5% in 2024 and 2025, after saying last month they will rise 2.5% in 2024 and 2.1% 2025.
ReutersMortgage rates top 7% for the first time this year, Freddie Mac says
U.S. mortgage rates increased by the most since June and also crossed the 7% threshold for the first time since December, muddling home sales growth, a Thursday report said. The average rate on a 30-year fixed-rate mortgage rose to 7.10% for the week ended April 18 from 6.88% the week prior, Freddie Mac reported. “As rates trend higher, potential homebuyers are deciding whether to buy before rates rise even more or hold off in hopes of decreases later in the year," said Sam Khater, Freddie Mac's chief economist.
