Federal Home Stock Price, News & Analysis

Freddie Mac (OTCQB: FMCC) reported a decrease in mortgage rates for the second consecutive week, with the 30-year fixed-rate mortgage averaging 5.10% on May 26, 2022, down from 5.25% the previous week. This marks a significant rise from 2.95% a year ago. The 15-year fixed-rate mortgage averaged 4.31%, down from 4.43%, while the 5-year adjustable-rate mortgage saw a slight increase to 4.20%. Chief Economist Sam Khater noted that the overall housing market is slowing, impacting consumer spending in related sectors.

Freddie Mac (FMCC) released its Monthly Volume Summary for April 2022, detailing key metrics regarding its mortgage portfolios, securities issuance, and risk management. The report aims to provide transparency and insight into their financial performance, highlighting activities related to mortgage capital and delinquencies. Since its establishment in 1970, Freddie Mac has played a crucial role in making housing accessible across the U.S. The organization continues to focus on enhancing the housing finance system for various stakeholders.

Freddie Mac announced the pricing of its first Seasoned Loans Structured Transaction Trust (SLST) offering for 2022, amounting to approximately $385 million. This includes $345 million in guaranteed senior certificates and $40 million in non-guaranteed subordinate certificates, backed by a pool of 2,731 seasoned residential mortgage loans. The loans are primarily performing, with none over 150 days delinquent. The transaction will settle on May 26, 2022. This move aims to bolster liquidity and manage credit risk, furthering Freddie Mac's mission of providing accessible mortgage capital.

Freddie Mac (OTCQB: FMCC) reported that the 30-year fixed-rate mortgage averaged 5.25% as of May 19, 2022, down from 5.30% the previous week but significantly up from 3.00% a year ago. The 15-year fixed-rate mortgage fell to 4.43%, while the 5-year Treasury-indexed ARM rose to 4.08%. Economic uncertainty has led to mortgage rate volatility, decreasing purchase demand and declining homebuilder sentiment, which is at its lowest in nearly two years. Rising costs for builders exacerbate the situation, suggesting ongoing challenges in the housing market.

Freddie Mac (OTCQB: FMCC) has reached a significant milestone in its K-Deal securitization program, surpassing $500 billion in issuance volume with the settlement of K-F135. This innovative program, initiated in 2009, has transformed Freddie Mac Multifamily's operations by transferring credit risk to investors. Notably, 99.97% of loans securitized through K-Deals remain current, showcasing the program's success. In 2021 alone, Freddie Mac executed 67 deals totaling $63.5 billion. K-Bonds are recognized as leading benchmarks in the multifamily securities market.

Freddie Mac (OTCQB: FMCC) reported in its latest Primary Mortgage Market Survey that the average 30-year fixed-rate mortgage reached 5.30% as of May 12, 2022, up from 5.27% the previous week and significantly higher than 2.94% a year ago. The 15-year fixed-rate mortgage averaged 4.48%, a slight decrease from 4.52% last week, while the 5-year ARM rose to 3.98%. Chief Economist Sam Khater noted that rising rates are increasing monthly payments for homebuyers by approximately one-third compared to last year, which may dampen purchase demand moving forward.

Freddie Mac (OTCQB: FMCC) announced in its Impact Bonds Report that it has issued over $10 billion in Green, Social, and Sustainability Bonds since 2019. The company doubled its Impact Bond issuance in 2021, highlighting its commitment to support rental housing that is not only sustainable but also affordable. The report details:

• $4.6 billion in Green Bonds focusing on energy and water efficiency.
• $2.3 billion in Social Bonds aiding affordable housing for underserved populations.
• $3.4 billion in Sustainability Bonds promoting economic mobility.

Full details are in the report available on their website.

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.