Previous close | 6.55 |
Open | 6.65 |
Bid | 6.44 x 40000 |
Ask | 6.80 x 40000 |
Day's range | 6.65 - 6.80 |
52-week range | 2.99 - 7.99 |
Volume | |
Avg. volume | 10,998 |
Market cap | 21.905B |
Beta (5Y monthly) | 1.70 |
PE ratio (TTM) | 100.00 |
EPS (TTM) | 0.07 |
Earnings date | 30 Oct 2024 - 04 Nov 2024 |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | 12 June 2008 |
1y target est | N/A |
Prospective homebuyers waiting on the sidelines for a further drop in mortgage rates received unwelcome news on Thursday.
The 30-year fixed-rate mortgage was 20 basis points higher than a week earlier when it averaged 6.12%, mortgage finance giant Freddie Mac said on Thursday. The reversal comes after mortgage rates declined steadily since May as investors geared up for the Fed to begin a rate-cutting cycle, which it began last month.
The rate ticked up from 6.12% last week, mortgage buyer Freddie Mac said Thursday. Two weeks ago, the average rate slipped to its lowest level in two years — 6.08% — boosting home shoppers’ purchasing power as they navigate a housing market with prices near all-time highs. Mortgage rates are influenced by several factors, including how the bond market reacts to the Federal Reserve’s interest rate policy decisions.