FREDDIE MAC - FMCC STOCK NEWS

Freddie Mac (OTCQB: FMCC) has released its Monthly Volume Summary for March 2023, detailing key insights on its mortgage-related portfolios and financial activities. The report includes data on securities issuance, delinquencies, risk management, and debt activities. Freddie Mac continues its mission to enhance liquidity, stability, affordability, and equity in the housing market, having helped millions of families since 1970. The full report can be accessed on their website.

Freddie Mac (OTCQB: FMCC) announced the release of its annual Impact Bonds Report, which details over $15 billion issued in Green, Social, and Sustainability Bonds since 2019. The report underscores Freddie Mac's commitment to addressing housing challenges through transparency and impact. The breakdown includes:

• $5 billion in Green Bonds aimed at funding energy-efficient multifamily properties, benefitting tenants with an average annual saving of $255.
• $4.6 billion in Social Bonds, with over 150 loans supporting underserved populations, including veterans and homeless individuals.
• $5.4 billion in Sustainability Bonds promoting affordable housing for families earning 60% or less of the area median income.

On April 20, 2023, Freddie Mac (FMCC) reported that the 30-year fixed-rate mortgage (FRM) averaged 6.39%, an increase from 6.27% the previous week, and significantly higher than 5.11% a year ago. The 15-year fixed-rate mortgage also rose to 5.76% from 5.54% last week, compared to 4.38% one year prior. According to Chief Economist Sam Khater, rising mortgage rates are driven by shifting market expectations, keeping affordable housing out of reach for many potential buyers. He emphasized that without rates falling into the mid-five percent range, recovery in demand would remain modest.

Freddie Mac (OTCQB: FMCC) announced a significant transition of over 34,000 floating-rate securities from LIBOR to the Secured Overnight Financing Rate (SOFR), effective July 1, 2023. This shift comes as the ICE Benchmark Administration prepares to cease publication of LIBOR rates. Karen Pilewski, senior director for the LIBOR transition, emphasized that this move enhances investor confidence in the seamless transition of their investments. The securities affected include Participation Certificates, Giants, Collateralized Mortgage Obligations, and Credit Risk Transfer securities. A comprehensive list detailing the CUSIP, prior index, and replacement index for each security is available on Freddie Mac's website, along with resources that provide further insight into the LIBOR transition.

Freddie Mac (OTCQB: FMCC) reported a decrease in mortgage rates for the fifth consecutive week, according to its Primary Mortgage Market Survey (PMMS). As of April 13, 2023, the average rate for a 30-year fixed-rate mortgage stands at 6.27%, down from 6.28% the previous week, and significantly higher than 5.00% a year ago. Meanwhile, the 15-year fixed-rate mortgage averaged 5.54%, down from 5.64% last week, compared to 4.17% a year ago. These trends suggest a deceleration of inflation while fostering optimism among homebuyers as the housing market peaks in spring and summer.