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Federal Home Loan Mortgage Corporation (FMCC)

1.3200

+0.0700

(+5.60%)

At close: April 22 at 3:59 PM EDT

The outlook for home prices has changed drastically in just the past month as Fed rate cuts look more and more distant

Freddie Mac said home prices will increase 0.5% in 2024 and 2025, after saying last month they will rise 2.5% in 2024 and 2.1% 2025.

Fortune yesterday

FMCC
+5.60%
Mortgage rates leap above 7% for first time this year

The average rate for a 30-year fixed-rate mortgage topped 7% this week for the first time in 2024 as elevated rates and high prices continue to pummel the housing market.

Fox Business 4 days ago

FMCC
+5.60%
Mortgage rates top 7% for the first time this year, Freddie Mac says

U.S. mortgage rates increased by the most since June and also crossed the 7% threshold for the first time since December, muddling home sales growth, a Thursday report said. The average rate on a 30-year fixed-rate mortgage rose to 7.10% for the week ended April 18 from 6.88% the week prior, Freddie Mac reported. “As rates trend higher, potential homebuyers are deciding whether to buy before rates rise even more or hold off in hopes of decreases later in the year," said Sam Khater, Freddie Mac's chief economist.

Reuters 4 days ago

FMCC
+5.60%
Average long-term US mortgage rate climbs above 7% to highest level since late November

Prospective homebuyers are facing higher costs to finance a home with the average long-term U.S. mortgage rate moving above 7% this week to its highest level in nearly five months. The average rate on a 30-year mortgage rose to 7.1% from 6.88% last week, mortgage buyer Freddie Mac said Thursday. When mortgage rates rise, they can add hundreds of dollars a month in costs for borrowers, limiting how much they can afford at a time when the U.S. housing market remains constrained by relatively few homes for sale and rising home prices.

Associated Press Finance 4 days ago

FMCC
+5.60%
Mortgage Rates Pass 7% for First Time in 2024

Mortgage rates climbed above 7% for the first time this year as traders re-evaluated the odds for interest-rate cuts by the Federal Reserve. The average 30-year fixed mortgage rate this week was 7.1%, according to Freddie Mac It was the highest rate since late November, and the sharpest week-over-week increase since early June. Home prices kept rising in March, the National Association of Realtors said earlier this morning, adding to the difficulty of finding an affordable home.

Barrons.com 4 days ago

FMCC
+5.60%
US Mortgage Rates Surge to Highest Since November, Hitting 7.1%

(Bloomberg) -- Mortgage rates in the US climbed past 7% for the first time this year.Most Read from BloombergDubai Grinds to Standstill as Flooding Hits CityElon Wants His Money BackRecord Rainfall in Dubai? Blame Climate Change, Not Cloud SeedingSingapore Loses ‘World’s Best Airport’ Crown to QatarRed Lobster Considers Bankruptcy to Deal With Leases and Labor CostsThe average for a 30-year, fixed loan was 7.1%, up from 6.88% last week, Freddie Mac said in a statement Thursday.Buyers are confron

Bloomberg 4 days ago

FMCC
+5.60%
Mortgage Rates Exceed 7 Percent for the First Time this Year

Primary Mortgage Market Survey® U.S. weekly average mortgage rates as of 04/18/2024 MCLEAN, Va., April 18, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 7.10 percent. “The 30-year fixed-rate mortgage surpassed 7 percent for the first time this year, jumping from 6.88 percent to 7.10 percent this week,” said Sam Khater, Freddie Mac’s Chief Economist. “As rates tre

GlobeNewswire 4 days ago

FMCC
+5.60%
FMCCH

FMCCK
US existing home sales drop in March; median price increases

U.S. existing home sales fell in March as higher interest rates and house prices sidelined buyers from the market. Home sales dropped 4.3% last month to a seasonally adjusted annual rate of 4.19 million units, the National Association of Realtors said on Thursday. Economists polled by Reuters had forecast home resales slipping to a rate of 4.20 million units.

Reuters 4 days ago

FMCC
+5.60%
Freddie Mac Seeks to Regulatory Approval to Back Home-Equity Loans

(Bloomberg) -- Freddie Mac is seeking regulatory approval to expand into guaranteeing second mortgages, a shift that would potentially drive down costs for Americans seeking to borrow against the equity in their home.Most Read from BloombergDubai Grinds to Standstill as Cloud Seeding Worsens FloodingElon Wants His Money BackSingapore Loses ‘World’s Best Airport’ Crown to QatarRed Lobster Considers Bankruptcy to Deal With Leases and Labor CostsTesla Asks Investors to Approve Musk’s $56 Billion Pa

Bloomberg 5 days ago

FMCC
+5.60%
Freddie Mac Multifamily Announces More Than $20 Billion in Impact Bonds Issued Since Program Inception

Impact of Green, Social and Sustainability Bonds Detailed in New ReportMCLEAN, Va., April 16, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) Multifamily’s Impact Bonds program has issued over $20 billion in Green, Social and Sustainability bonds since the program’s creation in 2019. The announcement of the milestone comes as the company released its annual Impact Bonds Report. Freddie Mac’s Impact Bonds support multifamily properties that address persistent housing challenges, particularly e

GlobeNewswire 6 days ago

FMCC
+5.60%
FMCCH

FMCCK
Fannie Mae’s New Mortgage-Scoring System Aims to Lift MBS Demand

(Bloomberg) -- Fannie Mae is selling agency mortgage backed securities designed to appeal to socially minded investors, as the mortgage giant looks to draw more buyers into the market to help fill a void left by the Federal Reserve stopping purchases.Most Read from BloombergUS Yields Spike as Hawkish Powell Puts 5% in Play: Markets WrapDubai Grinds to Standstill as Cloud Seeding Worsens FloodingChina Tells Iran Cooperation Will Last After Attack on IsraelBeyond the Ivies: Surprise Winners in the

Bloomberg 6 days ago

FNMA
+6.64%
FMCC
+5.60%
3 Momentum Stocks That Are Seriously Losing Their Mojo. Sell Now?

As simplistic as the methodology is, momentum investing can generate market-beating returns. However, momentum anomalies tend to collapse when structural breaks occur in the economy. As such, frequent revision of your momentum positions is required. I have reason to believe that the stock market has reached a pivotal point. Although the U.S. Consumer Price Index settled above estimates at 3.5% for March, the year-over-year trend in inflation is down. Moreover, high-yield corporate bonds in the U

InvestorPlace 6 days ago

FMCC
+5.60%
HMY

DVN
Freddie Mac Multifamily Enhances Policies to Strengthen Due Diligence, Deter Fraud and Reduce Risks

MCLEAN, Va., April 15, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) Multifamily today announced a series of policy and process enhancements that further strengthen underwriting due diligence, bolster fraud detection and deterrence, and mitigate other risks. Effective April 18, the changes include enhanced property inspection requirements and additional due diligence, among other measures. "Freddie Mac remains focused on risk management and works to enhance our processes to better detect an

GlobeNewswire 7 days ago

FMCC
+5.60%
FMCCH

FMCCK
Average long-term US mortgage rate edges closer to 7%, rising to highest level since early March

The average long-term U.S. mortgage rate rose to its highest level in five weeks, a setback for prospective homebuyers during what's traditionally the busiest time of the year for home sales. The average rate on a 30-year mortgage rose to 6.88% from 6.82% last week, mortgage buyer Freddie Mac said Thursday. When mortgage rates rise, they can add hundreds of dollars a month in costs for borrowers, limiting how much they can afford at a time when the U.S. housing market remains constrained by relatively few homes for sale and rising home prices.

Associated Press Finance 11 days ago

FMCC
+5.60%
Mortgage rates climb again, approaching 7%

Mortgage rates rose again this week and are nearing 7%, putting further pressure on the sluggish housing market that continues to sputter due to the affordability crisis.

Fox Business 11 days ago

FMCC
+5.60%
Mortgage Rates Move Toward Seven Percent as Markets Digest Incoming Data

Primary Mortgage Market Survey® U.S. weekly average mortgage rates as of 04/11/2024 MCLEAN, Va., April 11, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.88 percent. “Mortgage rates have been drifting higher for most of the year due to sustained inflation and the reevaluation of the Federal Reserve’s monetary policy path,” said Sam Khater, Freddie Mac’s Chief Ec

GlobeNewswire 11 days ago

FMCC
+5.60%
FMCCH

FMCCK
Mortgage Rates in the US Climb for a Second Week, Reaching 6.88%

(Bloomberg) -- Mortgage rates in the US rose for a second straight week.Most Read from BloombergUS Sees Imminent Missile Strike on Israel by Iran, ProxiesVietnam Tycoon Lan Sentenced to Death Over $12 Billion FraudApple Plans to Overhaul Entire Mac Line With AI-Focused M4 ChipsUS Slams Strikes on Russia Oil Refineries as Risk to Oil MarketsRussian Attacks on Ukraine Stoke Fears Army Near Breaking PointThe average for a 30-year, fixed loan was 6.88%, up from 6.82% last week and matching the level

Bloomberg 11 days ago

FMCC
+5.60%
Opinion: Fixed-rate mortgages need their rates fixed for longer terms

What our banks call 'fixed-rate mortgages' are really variable rate loans with five-year resets. Longer terms would help many consumers

Financial Post 11 days ago

FNMA
+6.64%
FMCC
+5.60%
Freddie Mac Sells $104 Million in Non-Performing Loans

Awards SPO Pool to One WinnerMCLEAN, Va., April 09, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced it sold via auction 679 deeply delinquent non-performing residential first lien loans (NPLs) from its mortgage-related investments portfolio. The loans, with a balance of approximately $104 million, are currently serviced by Specialized Loan Servicing LLC and NewRez LLC, d/b/a Shellpoint Mortgage Servicing. The transaction is expected to settle in June 2024. The sale is part of

GlobeNewswire 13 days ago

FMCC
+5.60%
FMCCH

FMCCK
Average long-term US mortgage rate rises modestly this week, holding just below 7%

The average long-term U.S. mortgage rate rose modestly this week, holding below 7% as it has for much of this year. The average rate on a 30-year mortgage rose to 6.82% from 6.79% last week, mortgage buyer Freddie Mac said Thursday. When mortgage rates rise, they can add hundreds of dollars a month in costs for borrowers, limiting how much they can afford in a market already out of reach for many Americans.

Associated Press Finance 18 days ago

FMCC
+5.60%

Performance Overview

Return	FMCC	S&P 500
YTD	+55.29%	+5.05%
1-Year	+200.00%	+21.22%
3-Year	-44.30%	+20.06%

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Federal Home Loan Mortgage Corporation (FMCC)

The outlook for home prices has changed drastically in just the past month as Fed rate cuts look more and more distant

Mortgage rates leap above 7% for first time this year

Mortgage rates top 7% for the first time this year, Freddie Mac says

Average long-term US mortgage rate climbs above 7% to highest level since late November

Mortgage Rates Pass 7% for First Time in 2024

US Mortgage Rates Surge to Highest Since November, Hitting 7.1%

Mortgage Rates Exceed 7 Percent for the First Time this Year

US existing home sales drop in March; median price increases

Freddie Mac Seeks to Regulatory Approval to Back Home-Equity Loans

Freddie Mac Multifamily Announces More Than $20 Billion in Impact Bonds Issued Since Program Inception

Fannie Mae’s New Mortgage-Scoring System Aims to Lift MBS Demand

3 Momentum Stocks That Are Seriously Losing Their Mojo. Sell Now?

Freddie Mac Multifamily Enhances Policies to Strengthen Due Diligence, Deter Fraud and Reduce Risks

Average long-term US mortgage rate edges closer to 7%, rising to highest level since early March

Mortgage rates climb again, approaching 7%

Mortgage Rates Move Toward Seven Percent as Markets Digest Incoming Data

Mortgage Rates in the US Climb for a Second Week, Reaching 6.88%

Opinion: Fixed-rate mortgages need their rates fixed for longer terms

Freddie Mac Sells $104 Million in Non-Performing Loans

Average long-term US mortgage rate rises modestly this week, holding just below 7%

Performance Overview