Federal Home Stock Price, News & Analysis

Freddie Mac (OTCQB: FMCC) announced on May 5, 2022, that the 30-year fixed-rate mortgage (FRM) averaged 5.27%, marking the highest rate since 2009. This increase from 5.10% last week reflects ongoing challenges in housing affordability and inflation. The 15-year FRM also rose to 4.52%, while the 5-year Treasury-indexed ARM reached 3.96%. The PMMS focuses on conventional loans for borrowers with excellent credit and 20% down payments. Freddie Mac continues its mission to enhance housing accessibility across the U.S.

Freddie Mac (OTCQB: FMCC) appointed Kevin Palmer as the head of its multifamily business, effective May 9, 2022. Palmer, a company veteran since 2001, previously served as senior vice president for Single-Family Portfolio Management. His appointment aims to enhance Freddie Mac's mission of supporting affordable rental housing. Michael DeVito, CEO, emphasized Palmer's extensive knowledge of the mortgage industry as key for leading the multifamily sector. Freddie Mac continues its commitment to making housing accessible and affordable across the U.S.

Freddie Mac (OTCQB: FMCC) announced that the 30-year fixed-rate mortgage averaged 5.10% as of April 28, 2022, slightly down from last week. The 15-year fixed-rate mortgage increased to 4.40%, and the 5-year ARM rose to 3.78%. Chief Economist Sam Khater noted that rapid home price growth and rising mortgage rates are impacting purchase demand. As a result, homebuyers are adapting by considering adjustable-rate mortgages and relocating to more affordable areas. A slowdown in demand is anticipated to stabilize home price growth.

Freddie Mac (FMCC) reported its first quarter 2022 results on April 28, 2022, filing its Quarterly Report on Form 10-Q with the SEC. The company aims to make housing accessible by providing mortgage capital to lenders. The earnings press release and financial results supplement are available on its investor website. A media call detailing these results will be held at 9 a.m. ET today, with a replay accessible for 30 days. Freddie Mac continues to strive for an improved housing finance system for homebuyers, renters, and taxpayers.

On April 25, 2022, Freddie Mac (OTCQB: FMCC) released its Monthly Volume Summary for March 2022. This report details its mortgage-related portfolios, securities issuance, risk management, delinquencies, and debt activities. The insights aim to enhance housing affordability and accessibility for families and individuals, continuing Freddie Mac's mission since its inception in 1970. For further details, visit their official website.

Freddie Mac (FMCC) announced it will report its Q1 2022 financial results on April 28, 2022, before the U.S. market opens. A conference call will take place at 9 a.m. ET, where the company will discuss these results. This call will be accessible via a webcast, and a replay will be available for 30 days. Freddie Mac aims to enhance housing accessibility and affordability by providing mortgage capital to lenders, continuing its mission since its establishment in 1970.

Freddie Mac (OTCQB: FMCC) reported a rise in mortgage rates, with the 30-year fixed-rate mortgage averaging 5.11% as of April 21, 2022, up from 5.00% the previous week. This marks a significant increase from 2.97% a year ago. The 15-year fixed-rate mortgage also rose to 4.38%, while the 5-year adjustable-rate mortgage reached 3.75%. Rising Treasury yields are influencing these changes, creating volatility in housing demand. While the market remains a seller’s domain, competition has softened for buyers interested in home purchases.

Freddie Mac (OTCQB: FMCC) forecasts the single-family purchase market to remain strong in 2022 despite rising mortgage rates. The Chief Economist suggests an expected moderation in homebuyer demand and house price growth due to increased rates. Key projections include a 30-year fixed-rate mortgage averaging 4.6% in 2022, house price growth at 10.4%, and home sales expected to reach 6.7 million. However, refinance originations are anticipated to decline significantly, from $2.8 trillion in 2021 to $960 billion in 2022.

Freddie Mac (OTCQB: FMCC) plans to issue $92.8 million in Social Bonds to finance 1,500 affordable senior housing units across four properties in Arizona. These units are targeted toward seniors with incomes at or below 50% of the area median income, reinforcing Freddie Mac's commitment to affordable multifamily housing. The loans are facilitated by Berkadia Seniors Housing & Healthcare for properties owned by Christian Care, Arizona's largest nonprofit provider of seniors housing. This issuance aims to provide socioeconomic opportunities and improve affordable housing accessibility.