Federal Home Stock Price, News & Analysis

Freddie Mac (OTCQB: FMCC) reported a decrease in mortgage rates, with the 30-year fixed-rate mortgage averaging 2.90% for the week ending July 8, 2021, down from 2.98% the previous week. The 15-year fixed-rate mortgage also fell to 2.20%, while the 5-year ARM averaged 2.52%. This decline in rates follows a drop in U.S. Treasury yields and suggests potential opportunities for homebuyers and refinance borrowers. Freddie Mac’s Chief Economist, Sam Khater, indicated that economic growth may lead to rising interest rates in the future.

Freddie Mac (OTCQB: FMCC) has announced the pricing of a new offering of approximately $900 million in Structured Pass-Through Certificates, known as the K-F115 Certificates. These certificates are backed by floating-rate multifamily mortgages indexed to the Secured Overnight Financing Rate (SOFR) with a 10-year term. The offering is set to settle around July 16, 2021. The K-F115 Certificates will include a senior principal and interest class and will not be rated. This move is part of Freddie Mac's strategy to manage risk by involving private investors.

Freddie Mac (OTCQB: FMCC) announced that the 30-year fixed-rate mortgage averaged 2.98% for the week ending July 1, 2021, down from 3.02% the previous week. The 15-year fixed-rate mortgage averaged 2.26%, a decrease from 2.34%. In contrast, the 5-year Treasury-indexed hybrid ARM rose slightly to 2.54% from 2.53%. Freddie Mac's Chief Economist noted steady economic growth but a slowdown in the housing market due to decreased affordability and inventory.

Freddie Mac (OTCQB: FMCC) has released a white paper analyzing the implications of the end of eviction moratoriums and the critical role of rental assistance amid the economic recovery from COVID-19. The report indicates that while eviction filings dropped significantly during the pandemic, renters still face back rent obligations. Federal funding of approximately $47 billion is available for rental assistance, but effective distribution is vital. Freddie Mac emphasizes the need for awareness among renters and property owners about available support as the nation transitions into a post-pandemic environment.

Freddie Mac (OTCQB: FMCC) announced the pricing of a new offering of Structured Pass-Through Certificates known as K-743 Certificates, backed by fixed-rate multifamily mortgages with 7-year terms. This offering is anticipated to total approximately $743 million, with settlement expected around June 30, 2021. The K-743 Trust will issue additional non-guaranteed classes, while the K-743 Certificates aim to provide stable cash flows and risk transfer from taxpayers to private investors. Major co-lead managers include J.P. Morgan Securities LLC and Amherst Pierpont Securities LLC.

Freddie Mac (FMCC) released its Monthly Volume Summary for May 2021, detailing mortgage-related portfolios, securities issuance, and risk management efforts. The report highlights Freddie Mac's role in enhancing housing accessibility for millions by providing mortgage capital. Established by Congress in 1970, the organization aims to improve the housing finance system for homebuyers, renters, and lenders. For further details, visit FreddieMac.com.

Freddie Mac (OTCQB: FMCC) reported a rise in the 30-year fixed-rate mortgage average to 3.02% for the week ending June 24, 2021, up from 2.93% the previous week. This represents the first time rates have exceeded 3% in ten weeks. The 15-year fixed-rate mortgage rose to 2.34%, while the 5-year ARM slightly increased to 2.53%. Chief Economist Sam Khater indicated that rising rates are expected to continue as the economy improves and inflation persists. Homeowners are encouraged to refinance before rates rise further.

Freddie Mac (OTCQB: FMCC) announced the election of Alberto G. Musalem to its Board of Directors, effective June 17, 2021. Musalem is the CEO and co-founder of Evince Asset Management, bringing extensive experience in finance and economics. His prior roles include executive vice president at the Federal Reserve Bank of New York and leadership positions at Tudor Investment Corporation. Musalem's expertise is expected to enhance Freddie Mac's Risk and Compensation & Human Capital committees, supporting its mission to improve housing accessibility.