Mortgage Rates Near 7% as Treasury Yields Spike, Housing Market Stalls
FMCC sits 49% above its 52-week low of $3.4.
Summary
Mortgage rates are closing in on 7% for the first time since early 2025, with daily rates already surpassing that level according to Mortgage News Daily. The 10-year Treasury yield briefly broke through 5% on Monday, and the Federal Reserve is expected to raise rates on Wednesday for the first time in three years. Zillow slashed its 2026 home sales forecast to +1.3% from +4.3%, with Q4 expected down 3.5%. Existing home sales fell 2% in August to a 3.98M annual rate, the lowest since June 2025. This directly pressures Freddie Mac's core mortgage business and signals further deterioration in housing activity.
At the time of this announcement, FMCC was trading at $5.05 on OTC in the Real Estate & Construction sector, with a market capitalization of approximately $3.2B. The 52-week trading range was $3.40 to $14.99. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.