Freddie Mac reports recurring developments tied to U.S. housing finance, mortgage liquidity and its role as the Federal Home Loan Mortgage Corporation. Company news commonly covers the Primary Mortgage Market Survey® for conventional conforming mortgage rates, quarterly financial results, monthly volume summaries and activity across mortgage-related portfolios, securities issuance, delinquencies, debt activities and risk management.
Freddie Mac also reports capital markets activity connected to its Single-Family credit risk transfer programs. Updates include STACR® Structured Agency Credit Risk notes, ACIS® reinsurance transactions and tender offers for certain STACR securities, reflecting the company’s use of private capital markets to transfer residential mortgage credit risk.
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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.