FREDDIE MAC - FMCC STOCK NEWS

Freddie Mac (FMCC) Multifamily Apartment Investment Market Index fell to 107.1 in the third quarter of 2023, primarily due to higher interest rates. Over the past 12 months, the index is up 0.3%, with only five of the 25 tracked markets experiencing growth.

Freddie Mac (FMCC) reports 30-year fixed-rate mortgage (FRM) averaging 6.95 percent, down from 7.03 percent last week. 15-year FRM at 6.38 percent, up from 6.29 percent.

Freddie Mac (FMCC) reports 30-year fixed-rate mortgage (FRM) averaged 7.03 percent, down from 7.22 percent last week and up from 6.33 percent a year ago. The 15-year FRM averaged 6.29 percent, down from 6.56 percent last week and up from 5.67 percent a year ago. Freddie Mac aims to make home ownership possible for families, promoting liquidity, stability, affordability, and equity in the housing market since 1970.

Freddie Mac (FMCC) introduces standardized mortgage documents to remove barriers to down payment assistance programs, aiming to increase clarity and accessibility for homebuyers. The initiative seeks to eliminate confusion and misinterpretation of DPA programs, historically hindered by varying forms. Single-Family Senior Vice President Danny Gardner emphasizes the importance of standardization in increasing efficiency, lowering costs, and improving the mortgage industry. The initiative is expected to bring efficiency to the loan manufacturing process, creating time and cost-saving opportunities across the industry, ultimately enabling more lenders to help more individuals and families leverage down payment assistance programs nationwide.

Freddie Mac (FMCC) reports a decline in mortgage rates, with the 30-year fixed-rate mortgage averaging 7.22 percent, down from last week's 7.29 percent and significantly higher than the 6.49 percent from a year ago. The 15-year FRM also decreased to 6.56 percent from 6.67 percent last week and 5.76 percent a year ago. The company aims to make home ownership possible for families, promoting liquidity, stability, affordability, and equity in the housing market.

Freddie Mac (FMCC) earns 100% on the 2023-2024 Corporate Equality Index (CEI) by the Human Rights Campaign (HRC), showcasing its commitment to LGBTQ+ inclusion. The company has been designated as a Best Place to Work for LGBTQ+ Equality, receiving the Equality 100 Award. Freddie Mac's efforts include inclusive employee benefits, antidiscrimination policies, and promoting inclusion within the housing industry.

Freddie Mac (FMCC) reports a decrease in 30-year fixed-rate mortgage (FRM) to 7.29 percent, down from 7.44 percent last week and 6.58 percent a year ago. The 15-year FRM also decreased to 6.67 percent from 6.76 percent last week and 5.9 percent a year ago. Existing home sales have fallen to a thirteen-year low, reflecting potential homebuyers holding out for lower rates and more inventory.

Freddie Mac (FMCC) released its Monthly Volume Summary for October 2023, detailing mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities, and other investments. The company's mission is to promote liquidity, stability, affordability, and equity in the housing market, aiding millions of families since 1970.

Freddie Mac (FMCC) reports that the 30-year fixed-rate mortgage averaged 7.44 percent, down from 7.5 percent last week, indicating a downward trend due to receding inflationary pressures. The 15-year fixed-rate mortgage also decreased to 6.76 percent from 6.81 percent last week. This suggests that lower mortgage rates, combined with economic strength and lower inflation, may attract more potential homebuyers into the market.