Fannie Mae and Freddie Mac's stock were downgraded to "underperform" by KBW as they are currently priced above its expectations.

“Mortgage rates ticked up for the fifth consecutive week and crossed 7% for the first time since May of 2024,” says Sam Khater, Freddie Mac’s chief economist. “The underlying strength of the economy is contributing to this increase in rates."

Shares of Fannie Mae and Freddie Mac fell Monday after Keefe, Bruyette & Woods analysts downgraded the stocks to Underperform. Here's a look at the latest developments for the mortgage giants:

MCLEAN, Va., Jan. 27, 2025 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today posted to its website its Monthly Volume Summary for December 2024, which provides information on Freddie Mac’s mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities and other investments.

U.S. stock index futures rose on Friday, driven by gains in Apple following a strong sales growth forecast, as investors focused on key inflation data expected later in the day that could influence the Federal Reserve's policy decisions.

Freddie Mac reports its Primary Mortgage Market Survey shows the 30-year fixed-rate mortgage (FRM) averaged 6.95% this week, the same as the previous week.

The federal funds rate and mortgage interest rates are often expected to move together, but they haven’t lately. Here’s why.

AM Durable Goods Durable Goods Orders measure the change in the total value of new orders for long-lasting manufactured goods, including transportation items. Durable goods orders are expected to rise 0.

With President Donald Trump back in the White House, big economic shifts could be coming for housing and job markets across the country. From tariffs on building materials to deregulation in housing and a renewed push for domestic manufacturing,

Freddie Mac’s average rate on a 30-year fixed-rate loan was 6.95% for the week ending January 30, virtually unchanged from a week ago. Elevated rates continue to keep many would-be buyers on the sidelines as housing affordability remains challenging.

These are today's mortgage and refinance rates. Mortgage rates are likely to remain elevated until inflation comes down further.

Beeline Holdings, Inc (NASDAQ:BLNE) launched Beeline Labs, a new division dedicated to generating B2B SaaS revenue. As its first product, Beeline Labs introduces BlinkQC, an automated mortgage Quality Control (QC) solution designed to save lenders time and money while ensuring compliance with industry standards.