Freddie Mac is trading 4.91% higher at $4.70, apparently alongside the broader market recovery following the Federal Reserve’s September 16 rate hike.
- The advance rebounds from a 7.52% decline on September 15; no clear company-specific catalyst was identified for the September 17 move.
- Major indexes rose more than 0.5% during the session.
- Freddie Mac reported the 30-year average mortgage rate at 6.95%, up from 6.76% last week.