World News: 15:00 GMT Thursday 6th December 2018. [Freddie Mac via Globe Newswire via SPi World News]
MCLEAN, Va., Dec. 06, 2018 (GLOBE NEWSWIRE) -- (OTCQB: FMCC) today released the results of its (PMMS), showing that mortgage rates dropped after weeks of moderating.
Sam Khater, Freddie Mac’s chief economist, says, “Mortgage rates declined this week amid a steep sell-off in U.S. stocks. This week’s rate reaction to the volatile stock market is a welcome relief to prospective homebuyers who have recently experienced rising rates and rising home prices.”
Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage. Visit the following link for the . Borrowers may still pay closing costs which are not included in the survey.
Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we’ve made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders, investors and taxpayers. Learn more at , Twitter and Freddie Mac’s blog .
A photo accompanying this announcement is available at
Globe Newswire: 15:00 GMT Thursday 6th December 2018
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