Federal Home Stock Price, News & Analysis

Freddie Mac (OTCQB: FMCC) released its Primary Mortgage Market Survey on March 16, 2023, reporting a decline in the average 30-year fixed-rate mortgage (FRM) to 6.60%, down from 6.73% the previous week, and significantly lower than 4.16% a year ago. The 15-year FRM also decreased to 5.90% from 5.95% last week, with a prior average of 3.39% a year ago. Chief Economist Sam Khater noted that ongoing financial market turbulence is exerting downward pressure on rates, potentially benefiting borrowers. Homebuyers might save $600 to $1,200 annually by comparing offers from multiple lenders.

The Freddie Mac Multifamily Apartment Investment Market Index (AIMI) fell by 7.6% in Q4 2022, resulting in a 25.8% annual decline. The decrease spanned nationwide and across all 25 markets, primarily due to rising mortgage interest rates. Notably, the fourth quarter marked the sharpest annual AIMI decline since its inception in 2000. Key findings include:

• Net operating income (NOI) contracted nationally and in nearly all markets.
• Property prices dropped except in Tampa, with significant declines across most markets, the largest since 2009.
• Mortgage rates surged by 100 bps, establishing the largest quarterly increase in AIMI's history.

Freddie Mac (OTCQB: FMCC) announced on March 9, 2023, that the average 30-year fixed-rate mortgage (FRM) rose to 6.73%, up from 6.65% the previous week and significantly higher than 3.85% a year ago. Additionally, the 15-year FRM averaged 5.95%, up from 5.89% last week and 3.09% a year prior. The increase in mortgage rates is attributed to the Federal Reserve's aggressive monetary policy stance, which adversely affects the housing market. Consumers continue to struggle with affordability and low inventory, impacting homebuyer activity.

On March 2, 2023, Freddie Mac (OTCQB: FMCC) reported that the 30-year fixed-rate mortgage (FRM) increased to 6.65%, up from 6.50% the previous week. This rise contrasts sharply with the 3.76% average from a year ago. The 15-year fixed-rate mortgage also rose to 5.89% from 5.76%, compared to 3.01% a year prior. Sam Khater, Freddie Mac's Chief Economist, noted that while lower rates earlier in the year encouraged buyers, current rising rates are creating affordability challenges, particularly for repeat buyers.

Freddie Mac (OTCQB: FMCC) announced the appointment of Sonu Mittal as senior vice president and head of the Single-Family Acquisitions division, effective March 20, 2023. Mittal brings over twenty years of experience in mortgage lending, previously holding several executive roles at Citizens, including President of Home Mortgage. He will oversee seller engagement, credit, products, and affordable mission goals while being part of the Senior Operating Committee. Mittal expressed his commitment to addressing housing affordability challenges. His background includes tenures at Capital One and Chevy Chase Bank, alongside a Bachelor of Science in accounting from George Washington University.

Freddie Mac (OTCQB: FMCC) released its Monthly Volume Summary for January 2023, detailing mortgage-related portfolios, securities issuance, risk management, and debt activities. The report highlights Freddie Mac's commitment to enhancing liquidity, stability, affordability, and equity in the housing market. Since its founding in 1970, the organization has facilitated homeownership for millions of families across the U.S. The summary emphasizes Freddie Mac's ongoing efforts to support the housing economy through its various financial activities and services.

Freddie Mac (OTCQB: FMCC) reported in its latest Primary Mortgage Market Survey that the 30-year fixed-rate mortgage averaged 6.50% as of February 23, 2023. This is an increase from 6.32% the previous week and significantly higher than the 3.89% average from a year ago. Similarly, the 15-year fixed-rate mortgage rose to 5.76% from 5.51% last week, up from 3.14% a year prior. Sam Khater, Chief Economist at Freddie Mac, indicated that a robust economy and rising interest rates could lead to homebuyers saving between $600 to $1,200 annually by shopping for better rates.

Freddie Mac (OTCQB: FMCC) released its fourth quarter and full-year 2022 financial results on February 22, 2023, and filed its Annual Report on Form 10-K with the U.S. Securities and Exchange Commission. Key financial details are available on the company’s Investor Relations page. A media call is scheduled for 9 a.m. ET on the same day to discuss the results, which will also be webcasted. Since 1970, Freddie Mac's mission has been to enhance housing liquidity, stability, and affordability, impacting millions of families across the nation. For more information, visit their official website.

Freddie Mac (OTCQB:FMCC) will report its fourth quarter and full-year 2022 financial results on February 22, 2023, before U.S. markets open. A call to discuss these results will take place at 9 a.m. ET on the same day, accessible via webcast. Materials from the call will be available on their Investor Relations page for about 30 days. Freddie Mac's mission is to enhance housing market stability and affordability for families in the nation.