Federal Home Stock Price, News & Analysis

Freddie Mac (OTCQB: FMCC) has released its Monthly Volume Summary for March 2023, detailing key insights on its mortgage-related portfolios and financial activities. The report includes data on securities issuance, delinquencies, risk management, and debt activities. Freddie Mac continues its mission to enhance liquidity, stability, affordability, and equity in the housing market, having helped millions of families since 1970. The full report can be accessed on their website.

Freddie Mac (OTCQB: FMCC) announced the release of its annual Impact Bonds Report, which details over $15 billion issued in Green, Social, and Sustainability Bonds since 2019. The report underscores Freddie Mac's commitment to addressing housing challenges through transparency and impact. The breakdown includes:

• $5 billion in Green Bonds aimed at funding energy-efficient multifamily properties, benefitting tenants with an average annual saving of $255.
• $4.6 billion in Social Bonds, with over 150 loans supporting underserved populations, including veterans and homeless individuals.
• $5.4 billion in Sustainability Bonds promoting affordable housing for families earning 60% or less of the area median income.

On April 20, 2023, Freddie Mac (FMCC) reported that the 30-year fixed-rate mortgage (FRM) averaged 6.39%, an increase from 6.27% the previous week, and significantly higher than 5.11% a year ago. The 15-year fixed-rate mortgage also rose to 5.76% from 5.54% last week, compared to 4.38% one year prior. According to Chief Economist Sam Khater, rising mortgage rates are driven by shifting market expectations, keeping affordable housing out of reach for many potential buyers. He emphasized that without rates falling into the mid-five percent range, recovery in demand would remain modest.

Freddie Mac (OTCQB: FMCC) announced a significant transition of over 34,000 floating-rate securities from LIBOR to the Secured Overnight Financing Rate (SOFR), effective July 1, 2023. This shift comes as the ICE Benchmark Administration prepares to cease publication of LIBOR rates. Karen Pilewski, senior director for the LIBOR transition, emphasized that this move enhances investor confidence in the seamless transition of their investments. The securities affected include Participation Certificates, Giants, Collateralized Mortgage Obligations, and Credit Risk Transfer securities. A comprehensive list detailing the CUSIP, prior index, and replacement index for each security is available on Freddie Mac's website, along with resources that provide further insight into the LIBOR transition.

Freddie Mac (OTCQB: FMCC) reported a decrease in mortgage rates for the fifth consecutive week, according to its Primary Mortgage Market Survey (PMMS). As of April 13, 2023, the average rate for a 30-year fixed-rate mortgage stands at 6.27%, down from 6.28% the previous week, and significantly higher than 5.00% a year ago. Meanwhile, the 15-year fixed-rate mortgage averaged 5.54%, down from 5.64% last week, compared to 4.17% a year ago. These trends suggest a deceleration of inflation while fostering optimism among homebuyers as the housing market peaks in spring and summer.

Freddie Mac (OTCQB: FMCC) reported that the 30-year fixed-rate mortgage averaged 6.28 percent as of April 6, 2023, down from 6.32 percent the previous week, but significantly higher than 4.72 percent a year ago. The Primary Mortgage Market Survey indicates a trend of declining mortgage rates entering the spring homebuying season. Meanwhile, the 15-year fixed-rate mortgage increased to 5.64 percent from 5.56 percent last week and up from 3.91 percent the previous year. Notably, low inventory levels present challenges, especially for first-time buyers.

Freddie Mac (OTCQB: FMCC) has updated its three-year Equitable Housing Finance Plan to enhance access to sustainable housing for underserved Black and Latino communities. The plan, unveiled on April 5, 2023, highlights Freddie Mac's commitment to affordable housing and reports that in 2022, over 488,000 minority borrowers benefitted from their initiatives. Key focus areas include increasing homeownership opportunities through Special Purpose Credit Programs, supporting renters, preserving affordable housing, and promoting diversity in the housing finance sector. They aim to make notable impacts in housing equity while committing to transparency with annual progress reports.

Freddie Mac (OTCQB: FMCC) reported that the average 30-year fixed-rate mortgage (FRM) fell to 6.32% as of March 30, 2023, down from 6.42% the previous week and significantly lower than 4.67% from a year ago. The 15-year FRM also decreased to 5.56% from 5.68% last week, compared to 3.83% a year earlier. Chief Economist Sam Khater noted that while declining rates are attracting borrowers, a low inventory continues to challenge potential homebuyers as the spring season approaches.

Freddie Mac (OTCQB: FMCC) released its Monthly Volume Summary for February 2023, detailing performance metrics related to its mortgage portfolios, securities issuance, and debt activities. The company remains committed to enhancing liquidity, stability, and affordability in the housing market, aiding millions of families in homeownership since 1970. The report serves as a vital resource for investors monitoring Freddie Mac's operational health and market strategies.