Federal Home Stock Price, News & Analysis

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.

Freddie Mac (OTCQB: FMCC) reported that the average 30-year fixed-rate mortgage (FRM) is at 6.42% as of March 23, 2023, down from 6.60% the previous week and significantly up from 4.42% a year ago. The 15-year FRM also decreased to 5.68% from 5.90% last week, while last year it stood at 3.63%. Chief Economist Sam Khater indicated that declining mortgage rates have bolstered homebuyer demand and stabilized home prices, potentially enhancing the spring homebuying season. The PMMS® focuses on conventional loans for borrowers with excellent credit who put 20% down.

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.