Mortgage rates continue to fall on Fed rate cut expectations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 29 2024
0mins
Source: SeekingAlpha
Mortgage Rate Trends: Mortgage rates have decreased, with 30-year fixed-rate mortgages averaging 6.35% and 15-year fixed-rate mortgages at 5.51%, influenced by expectations of a Federal Reserve rate cut.
Market Activity Insights: Despite the decline in mortgage rates, home purchase activity remains low, as potential buyers are waiting for further reductions before making decisions.
Analyst Views on JMBS
Wall Street analysts forecast JMBS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for JMBS is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 45.840
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Current: 45.840
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
