Federal Home Stock Price, News & Analysis

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.

Freddie Mac (OTCQB: FMCC) reported the results of its Primary Mortgage Market Survey on April 14, 2022, revealing that the 30-year fixed-rate mortgage averaged 5.00%, the highest in over ten years. This increase from 4.72% last week and 3.04% a year ago highlights challenges for potential homebuyers amid rising rates and high inflation. Additionally, the 15-year FRM averaged 4.17% and the 5-year ARM averaged 3.69%. The report indicates that affordability in homeownership is at a generational low due to these economic pressures.

Freddie Mac (OTCQB: FMCC) has announced the pricing of its first Seasoned Credit Risk Transfer Trust (SCRT) offering for 2022, valued at approximately $1.0 billion. This securitization includes around $958 million in guaranteed senior certificates and $86 million in unguaranteed subordinate certificates, comprising seasoned re-performing loans (RPLs). The transaction is set to settle on April 12, 2022, and is part of Freddie Mac's strategy to manage mortgage-related investment risks effectively. The loans are serviced by NewRez LLC and Specialized Loan Servicing LLC.