Welcome to our dedicated page for FREDDIE MAC news (Ticker: FMCC), a resource for investors and traders seeking the latest updates and insights on FREDDIE MAC stock.
Freddie Mac, known as FMCC in the stock market, is dedicated to making home ownership accessible and affordable for millions of families across the nation. Established in 1970 by Congress, Freddie Mac provides mortgage capital to lenders, ensuring a better housing finance system for homebuyers, renters, lenders, and taxpayers. They have partnered with various agencies to offer to purchase notes. Moreover, Freddie Mac's Single-Family Credit Risk Transfer programs channel credit risk away from taxpayers to private capital through securities and insurance policies. With a strong mission and commitment to the community, Freddie Mac plays a vital role in ensuring that individuals have access to safe and affordable housing.Rhea-AI Summary
Freddie Mac announces $628 million non-performing loan sale
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Freddie Mac posts Monthly Volume Summary for July 2023
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Freddie Mac reports 30-year fixed-rate mortgage at 7.23%, the highest since 2001. Existing homes sales continue to fall while new home sales rise, providing modest relief to housing inventory.
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Freddie Mac's Primary Mortgage Market Survey® (PMMS®) reveals that the 30-year fixed-rate mortgage (FRM) averaged 7.09 percent, driven by the improving economy and increased 10-year Treasury yield. Affordability challenges and low inventory continue to impact demand and home sales.
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Freddie Mac's Primary Mortgage Market Survey® (PMMS®) reveals that the 30-year fixed-rate mortgage averaged 6.96 percent, just shy of seven percent. The upward pressure on rates is due to a resilient economy with low unemployment and strong wage growth. However, high rates may prolong affordability challenges with rising home prices.
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Freddie Mac reports an increase in mortgage rates due to positive economic data and a U.S. government credit rating downgrade. Despite higher rates and lower purchase demand, home prices have risen due to low inventory.
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FAQ
What is the current stock price of FREDDIE MAC (FMCC)?
The current stock price of FREDDIE MAC (FMCC) is $3.28 as of November 26, 2024.
What is the market cap of FREDDIE MAC (FMCC)?
The market cap of FREDDIE MAC (FMCC) is approximately 2.3B.
When was Freddie Mac established?
Freddie Mac was established in 1970 by Congress.
What is the core business of Freddie Mac?
Freddie Mac's core business is providing mortgage capital to lenders to make home ownership more accessible and affordable.
What are the key initiatives of Freddie Mac?
Freddie Mac is focused on building a better housing finance system for homebuyers, renters, lenders, and taxpayers.
How does Freddie Mac manage credit risk?
Freddie Mac's Single-Family Credit Risk Transfer programs protect taxpayers by transferring credit risk to private capital via securities and insurance policies.
What are some recent achievements of Freddie Mac?
Freddie Mac has engaged in various initiatives to purchase notes, offer Single-Family Credit Risk Transfer programs, and issue Social Bonds to support affordable housing.
FREDDIE MAC
OTC:FMCC
FMCC Rankings
FMCC Stock Data
2.31B
650.05M
0%
1.78%
7.96%
Mortgage Finance
Financial Services
United States of America
McLean