Federal Home Stock Price, News & Analysis

Freddie Mac (OTCQB: FMCC) has released its Monthly Volume Summary for January 2025. The report contains detailed information about the company's mortgage-related portfolios, securities issuance, risk management practices, delinquency rates, debt activities, and other investment operations.

Freddie Mac (OTCQB: FMCC) reported a slight decrease in mortgage rates, with the 30-year fixed-rate mortgage (FRM) averaging 6.85%, down from 6.87% last week and 6.90% a year ago. The 15-year FRM decreased to 6.04% from 6.09% last week, compared to 6.29% a year ago.

According to Sam Khater, Freddie Mac's Chief Economist, the 30-year fixed-rate mortgage has remained below 7% for five consecutive weeks, with fluctuations less than 20 basis points. This stability is viewed as positive for potential buyers and sellers as the spring homebuying season approaches.

Freddie Mac (OTCQB: FMCC) reported that the 30-year fixed-rate mortgage (FRM) averaged 6.87% as of February 13, 2025, showing a slight decrease from 6.89% last week. However, this rate is higher compared to 6.77% recorded a year ago.

The 15-year FRM increased to 6.09% from last week's 6.05%, but remains lower than the 6.12% rate from a year ago. According to Sam Khater, Freddie Mac's Chief Economist, the recent mortgage rate stability is positively impacting potential buyers, with purchase demand showing stronger performance compared to the same period last year.

Freddie Mac (OTCQB: FMCC) has announced its Fourth Quarter and Full-Year 2024 financial results and filed its Annual Report on Form 10-K with the SEC. The company has made these documents available on their Investor Relations webpage, along with the Q4 2024 financial results supplement.

The company will host a media call at 9 a.m. ET on February 13, 2025, to discuss the results. A concurrent webcast will be available, with a replay accessible on the company's website for approximately 30 days.

Freddie Mac (OTCQB:FMCC) has announced it will release its Fourth Quarter and Full-Year 2024 financial results before U.S. financial markets open on Thursday, February 13, 2025. The company will host a media call at 9 a.m. Eastern Time on the same day, which will be webcast with a replay available on their website for approximately 30 days.

All materials related to the call will be accessible through the company's Investor Relations webpage. Freddie Mac continues its mission of promoting liquidity, stability, affordability, and equity in the housing market throughout economic cycles, having helped tens of millions of families buy, rent, or keep their homes since 1970.

Freddie Mac (OTCQB: FMCC) has announced the results of its tender offer to purchase Structured Agency Credit Risk (STACR) Notes. As of February 7, 2025, approximately $1.3 billion aggregate original principal amount of Notes had been validly tendered and not properly withdrawn.

The tender offer included multiple classes of Notes from various STACR trusts, with acceptance rates ranging from 46.12% to 100%. Notable transactions include $455.2 million from STACR 2022-HQA1 M-1B (92.71% acceptance) and $361.1 million from STACR 2022-DNA1 M-1A (75.55% acceptance).

The Settlement Date is expected on February 11, 2025, with guaranteed delivery settlements occurring on February 13, 2025. BofA Securities and Morgan Stanley are serving as lead dealer managers, with Academy Securities as co-dealer manager.

Freddie Mac (OTCQB: FMCC) reported a decrease in mortgage rates, with the 30-year fixed-rate mortgage (FRM) averaging 6.89%, down from 6.95% last week. This rate is higher compared to 6.64% recorded a year ago. The 15-year FRM also decreased to 6.05% from 6.12% last week, though higher than the 5.90% rate from a year ago.

According to Sam Khater, Freddie Mac's Chief Economist, mortgage rates have remained stable over the past month, with the economy showing resilience. Despite higher rates compared to last year, purchase applications for the last two weeks are modestly exceeding year-ago levels, indicating latent market demand.

Freddie Mac (OTCQB: FMCC) has announced a fixed-price cash tender offer to purchase any and all of certain STACR® (Structured Agency Credit Risk) Notes. The offer commenced on February 3, 2025, and will expire at 5 p.m., New York City time, on February 7, 2025.

The company has engaged BofA Securities, Inc. and Morgan Stanley & Co. as lead dealer managers and Academy Securities, Inc. as co-dealer manager. The settlement date is expected to be February 11, 2025, with guaranteed delivery settlement on February 13, 2025.

The tender offer includes multiple classes of Notes from various STACR Trusts, with tender offer considerations ranging from $1,004.90 to $1,155.13 per $1,000 original principal amount. Holders who tender their Notes will receive accrued and unpaid interest from the last interest payment date to the settlement date.

Freddie Mac (OTCQB: FMCC) reported minimal movement in mortgage rates, with the 30-year fixed-rate mortgage (FRM) averaging 6.95%, slightly down from 6.96% last week but up from 6.63% a year ago. The 15-year FRM decreased to 6.12% from 6.16% last week, compared to 5.94% a year ago.

Chief Economist Sam Khater noted that the 30-year fixed-rate has remained between 6% and 7% for approximately two and a half years. The current market faces significant challenges due to higher rates and persistent supply shortages, creating affordability barriers that keep many potential buyers sidelined.