Federal Home Stock Price, News & Analysis

Freddie Mac (OTCQB: FMCC) forecasts the single-family purchase market to remain strong in 2022 despite rising mortgage rates. The Chief Economist suggests an expected moderation in homebuyer demand and house price growth due to increased rates. Key projections include a 30-year fixed-rate mortgage averaging 4.6% in 2022, house price growth at 10.4%, and home sales expected to reach 6.7 million. However, refinance originations are anticipated to decline significantly, from $2.8 trillion in 2021 to $960 billion in 2022.

Freddie Mac (OTCQB: FMCC) plans to issue $92.8 million in Social Bonds to finance 1,500 affordable senior housing units across four properties in Arizona. These units are targeted toward seniors with incomes at or below 50% of the area median income, reinforcing Freddie Mac's commitment to affordable multifamily housing. The loans are facilitated by Berkadia Seniors Housing & Healthcare for properties owned by Christian Care, Arizona's largest nonprofit provider of seniors housing. This issuance aims to provide socioeconomic opportunities and improve affordable housing accessibility.

Freddie Mac (OTCQB: FMCC) reported the results of its Primary Mortgage Market Survey on April 14, 2022, revealing that the 30-year fixed-rate mortgage averaged 5.00%, the highest in over ten years. This increase from 4.72% last week and 3.04% a year ago highlights challenges for potential homebuyers amid rising rates and high inflation. Additionally, the 15-year FRM averaged 4.17% and the 5-year ARM averaged 3.69%. The report indicates that affordability in homeownership is at a generational low due to these economic pressures.

Freddie Mac (OTCQB: FMCC) has announced the pricing of its first Seasoned Credit Risk Transfer Trust (SCRT) offering for 2022, valued at approximately $1.0 billion. This securitization includes around $958 million in guaranteed senior certificates and $86 million in unguaranteed subordinate certificates, comprising seasoned re-performing loans (RPLs). The transaction is set to settle on April 12, 2022, and is part of Freddie Mac's strategy to manage mortgage-related investment risks effectively. The loans are serviced by NewRez LLC and Specialized Loan Servicing LLC.

Freddie Mac (OTCQB: FMCC) reported the results of its Primary Mortgage Market Survey (PMMS) for April 7, 2022, revealing a significant rise in mortgage rates. The 30-year fixed-rate mortgage averaged 4.72%, a notable increase from 4.67% the previous week and 3.13% a year ago. Similarly, the 15-year FRM and 5-year ARM rates also saw increases, averaging 3.91% and 3.56%, respectively. This rise in rates, the fastest in nearly three decades, has diminished purchase activity as homebuyers face payments that are at least 20% higher than last year.

Freddie Mac (OTCQB: FMCC) announced the 2022 winners of its Home Possible RISE Awards, recognizing top clients for their excellence in affordable lending. The program honors lenders who help low-income borrowers achieve sustainable homeownership, especially amid rising home prices. In 2021, Freddie Mac purchased over 130,000 Home Possible loans and has facilitated homeownership for over 643,000 families since 2015. New this year is the Refinance category, rewarding originators with the highest volume and growth in refinance loans.

Freddie Mac (OTCQB: FMCC) reported that the average 30-year fixed-rate mortgage rose to 4.67% for the week ending March 31, 2022, from 4.42% the previous week and 3.18% a year ago. The 15-year fixed-rate mortgage also increased to 3.83%, up from 3.63% last week, and the 5-year ARM reached 3.50%, up from 3.36%. Chief Economist Sam Khater noted that rising inflation and strong demand are driving rates up, while purchase demand remains stronger than expected, especially among first-time homebuyers.

Freddie Mac (OTCQB: FMCC) released its Monthly Volume Summary for February 2022, highlighting key metrics regarding its mortgage portfolios, securities issuance, and risk management activities. The company emphasizes its role in making housing accessible and affordable since its establishment by Congress in 1970. Freddie Mac aims to enhance the housing finance system for various stakeholders, including homeowners, renters, and lenders.

On March 24, 2022, Freddie Mac (FMCC) reported that the 30-year fixed-rate mortgage averaged 4.42 percent, rising from 4.16 percent the previous week. This increase is attributed to factors such as rising inflation, geopolitical uncertainty, and actions by the Federal Reserve. As a result, homebuyers are facing greater challenges due to increased monthly mortgage payments and ongoing house price appreciation. The 15-year fixed-rate mortgage also saw a rise to 3.63 percent, while the 5-year ARM reached 3.36 percent.