Las Vegas, NV -- (SBWIRE) -- 09/27/2013 -- Federal Home Loan Mortgage Corp (OTCBB:FMCC) according to the information released on Thursday, September 26th, 2013, home buyers are getting a break from mounting mortgage rates.
As per the release this pause may at least temporarily support a housing market the signs of cooling down. Frank Nothaft, Freddie Mac’s Chief Economist indicated that these low rates ought to somewhat balance the house price gains seen the last number of months and keep housing affordability elevated. Lawrence Yun, NAR’s chief economist anticipated the lowering in levels of existing-home sales,
Federal Home Loan Mortgage Corporation also known as Freddie Mac offers credit guarantee for residential mortgages and mortgage-related securities in the United States. It functions in three sections: Single-Family Guarantee, Investments, and Multifamily.
To find out what OTCMAGIC projects for Federal Home Loan Mortgage Corp for both short term and long term please click here: FMCC
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