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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.Freddie Mac (OTCQB: FMCC) reported in its latest Primary Mortgage Market Survey that the 30-year fixed-rate mortgage averaged 6.50% as of February 23, 2023. This is an increase from 6.32% the previous week and significantly higher than the 3.89% average from a year ago. Similarly, the 15-year fixed-rate mortgage rose to 5.76% from 5.51% last week, up from 3.14% a year prior. Sam Khater, Chief Economist at Freddie Mac, indicated that a robust economy and rising interest rates could lead to homebuyers saving between $600 to $1,200 annually by shopping for better rates.
Freddie Mac (OTCQB: FMCC) released its fourth quarter and full-year 2022 financial results on February 22, 2023, and filed its Annual Report on Form 10-K with the U.S. Securities and Exchange Commission. Key financial details are available on the company’s Investor Relations page. A media call is scheduled for 9 a.m. ET on the same day to discuss the results, which will also be webcasted. Since 1970, Freddie Mac's mission has been to enhance housing liquidity, stability, and affordability, impacting millions of families across the nation. For more information, visit their official website.
Freddie Mac (OTCQB:FMCC) will report its fourth quarter and full-year 2022 financial results on February 22, 2023, before U.S. markets open. A call to discuss these results will take place at 9 a.m. ET on the same day, accessible via webcast. Materials from the call will be available on their Investor Relations page for about 30 days. Freddie Mac's mission is to enhance housing market stability and affordability for families in the nation.
Freddie Mac (OTCQB: FMCC) reported on February 16, 2023, that the 30-year fixed-rate mortgage (FRM) has risen to 6.32%, up from 6.12% the previous week, and significantly higher than 3.92% a year ago. Similarly, the 15-year FRM increased to 5.51%, compared to 5.25% last week and 3.15% a year prior. The rise in mortgage rates reflects ongoing resilience in the economy driven by consumer spending, which is also contributing to higher overall housing costs and persistent inflation.
Freddie Mac (OTCQB:FMCC) has announced a rescheduling of its financial results announcement for the fourth quarter and full year of 2022, previously set for February 15, 2023. The company did not provide a new date for the reporting or the accompanying media call and webcast.
This decision affects stakeholders awaiting insights into the company’s performance metrics, which are critical for evaluating its operational effectiveness and market position in the housing sector.
Freddie Mac (OTCQB:FMCC) will report its fourth quarter and full-year 2022 financial results on February 15, 2023, before U.S. markets open. A conference call is scheduled for 9 a.m. ET on the same day, where the company will discuss its results with the media. The call will be available via webcast, and a replay will be accessible on the company's website for 30 days. Freddie Mac's mission focuses on enhancing liquidity and stability in the housing market.
Freddie Mac (OTCQB: FMCC) announced the final results of its tender offer to purchase STACR® Debt Notes, with approximately $1.639 billion in principal amount validly tendered as of the February 10, 2023 expiration date. A detailed table outlines individual note amounts, tender percentages, and accepted amounts. The settlement date for the accepted notes is expected on February 14, 2023. BofA Securities and Wells Fargo Securities acted as lead managers for the offer. This initiative supports Freddie Mac's mission to mitigate credit risk in the housing market, enhancing liquidity and stability.
Freddie Mac (OTCQB: FMCC) reported that the average 30-year fixed-rate mortgage (FRM) rose to 6.12% as of February 9, 2023, compared to 6.09% the previous week and 3.69% a year ago. The 15-year FRM also increased, averaging 5.25% this week, up from 5.14% last week and 2.93% a year ago. Sam Khater, Freddie Mac’s Chief Economist, noted that mortgage rates have been influenced by a recent Federal Reserve rate hike and robust job growth, prompting potential homebuyers to re-enter the market ahead of the spring buying season.
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