Associated tags: Freddie Mac, Congress, Mac, Housing, OTCQB, FMCC, Real estate, Consumer, Freddy, FRM
Locations: UNITED STATES, HOME, NORTH CAROLINA, MCLEAN, VA, US, WASHINGTON
MCLEAN, Va., May 30, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today posted to its website its Monthly Volume Summary for April 2024, which provides information on Freddie Mac’s mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities and other investments.
Key Points:
- MCLEAN, Va., May 30, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today posted to its website its Monthly Volume Summary for April 2024, which provides information on Freddie Mac’s mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities and other investments.
- Freddie Mac’s mission is to make home possible for families across the nation.
- We promote liquidity, stability, affordability and equity in the housing market throughout all economic cycles.
- Since 1970, we have helped tens of millions of families buy, rent or keep their home.
MCLEAN, Va., May 30, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey ® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 7.03 percent.
Key Points:
- MCLEAN, Va., May 30, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey ® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 7.03 percent.
- “Following several weeks of decline, mortgage rates changed course this week,” said Sam Khater, Freddie Mac’s Chief Economist.
- “More hawkish commentary about inflation and tepid demand for longer-dated Treasury auctions caused market yields to rise across the board.
- This reality, as well as economic signals that have moved sideways over the last few weeks, have resulted in mortgage rates drifting higher as markets continue to dial back expectations of interest rate cuts.”
The 30-year FRM averaged 7.03 percent as of May 30, 2024, up from last week when it averaged 6.94 percent.
MCLEAN, Va., May 23, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey ® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.94 percent.
Key Points:
- MCLEAN, Va., May 23, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey ® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.94 percent.
- “Spring homebuyers received an unexpected windfall this week, as mortgage rates fell below the seven percent threshold for the first time in over a month,” said Sam Khater, Freddie Mac’s Chief Economist.
- “Although this week’s data on previously owned home sales showed a decline, total inventory of both new and existing homes is up.
- Greater supply coupled with the recent downward trend in rates is an encouraging sign for the housing market.”
The 30-year FRM averaged 6.94 percent as of May 23, 2024, down from last week when it averaged 7.02 percent.
Transfer,
Security (finance),
Freddie Mac,
BofA Securities,
MBS,
Exchange,
Risk,
Housing,
SLST,
RPL,
FMCC,
Wells Fargo,
Freddy,
OTCQB,
Consumer MCLEAN, Va., May 22, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced the pricing of the Freddie Mac Seasoned Loans Structured Transaction Trust (SLST) Series 2024-1, a securitization of approximately $297.5 million including both guaranteed senior and non-guaranteed subordinate securities backed by a pool of seasoned residential mortgage loans.
Key Points:
- MCLEAN, Va., May 22, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced the pricing of the Freddie Mac Seasoned Loans Structured Transaction Trust (SLST) Series 2024-1, a securitization of approximately $297.5 million including both guaranteed senior and non-guaranteed subordinate securities backed by a pool of seasoned residential mortgage loans.
- “This offering marks a first for Freddie Mac’s re-performing loan securitizations,” said Freddie Mac Vice President Kevin Cheng, Head of Mortgage Assets and Risk Transfer.
- “The debut floating rate certificates in SLST 2024-1 reflect our commitment to seek and act on investor feedback and advice while supporting sustainable homeownership and market liquidity.”
The transaction includes approximately $275.2 million in guaranteed senior certificates and approximately $22.3 million in non-guaranteed subordinate certificates.
- Freddie Mac undertakes no obligation, and disclaims any duty, to update any of the information in those documents.
MCLEAN, Va., May 16, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey ® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 7.02 percent.
Key Points:
- MCLEAN, Va., May 16, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey ® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 7.02 percent.
- “Mortgage rates decreased for the second consecutive week,” said Sam Khater, Freddie Mac’s Chief Economist.
- “Given the news that inflation eased slightly, the 10-year Treasury yield dipped, leading to lower mortgage rates.
- The decrease in rates, albeit small, may provide a bit more wiggle room in the budgets of prospective homebuyers.”
The 30-year FRM averaged 7.02 percent as of May 16, 2024, down from last week when it averaged 7.09 percent.
MCLEAN, Va., May 09, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey ® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 7.09 percent.
Key Points:
- MCLEAN, Va., May 09, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey ® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 7.09 percent.
- “After a five week climb, mortgage rates ticked down following a weaker than expected jobs report,” said Sam Khater, Freddie Mac’s Chief Economist.
- “An environment where rates continue to hover above seven percent impacts both sellers and buyers.
- Many potential sellers remain hesitant to list their home and part with lower mortgage rates from years prior, adversely impacting supply and keeping house prices elevated.
MCLEAN, Va., May 06, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced that it has commenced a fixed-price cash tender offer (the “Offer”) for the purchase of any and all of the STACR® (Structured Agency Credit Risk) Notes listed in the table below (the “Notes”) beginning Monday, May 6, 2024.
Key Points:
- MCLEAN, Va., May 06, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced that it has commenced a fixed-price cash tender offer (the “Offer”) for the purchase of any and all of the STACR® (Structured Agency Credit Risk) Notes listed in the table below (the “Notes”) beginning Monday, May 6, 2024.
- Certain of the classes of Notes subject to the Offer were issued by the STACR Trust identified in the table below (each, a “Trust”).
- Freddie Mac is the holder of the owner certificate issued by each Trust and, as a result, the sole beneficial owner of each Trust.
- Freddie Mac is offering to purchase any and all of the Notes listed.
Pinata Will Join Freddie Mac's Multifamily Division as its First Credit Building Rewards Partner, Expanding Opportunities for Renters to Improve their Credit Scores and Get Rewarded Just by Paying Rent on Time
Key Points:
- A just-announced partnership with Freddie Mac is set to make this "perk" the rule, not the exception, for millions of Americans.
- To view an enhanced version of this graphic, please visit:
As a member of the Freddie Mac credit building initiative, two years of Piñata's program cost are covered for eligible properties backed by Freddie Mac financing.
- This makes rent reporting for credit-building free for participating property owners and renters while building more financially resilient renters.
- The partnership with Freddie Mac is poised to dramatically shift what's currently a dire narrative for millions of Americans.
“The 30-year fixed-rate mortgage increased for the fifth consecutive week as we enter the heart of Spring Homebuying Season,” said Sam Khater, Freddie Mac’s Chief Economist.
Key Points:
- “The 30-year fixed-rate mortgage increased for the fifth consecutive week as we enter the heart of Spring Homebuying Season,” said Sam Khater, Freddie Mac’s Chief Economist.
- “On average, more than one-third of home sales for the entire year occur between March and June.
- With two months left of this historically busy period, potential homebuyers will likely not see relief from rising rates anytime soon.
- We promote liquidity, stability, affordability and equity in the housing market throughout all economic cycles.
McLEAN, Va., April 25, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today posted to its website its Monthly Volume Summary for March 2024, which provides information on Freddie Mac’s mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities and other investments.
Key Points:
- McLEAN, Va., April 25, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today posted to its website its Monthly Volume Summary for March 2024, which provides information on Freddie Mac’s mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities and other investments.
- Freddie Mac’s mission is to make home possible for families across the nation.
- We promote liquidity, stability, affordability and equity in the housing market throughout all economic cycles.
- Since 1970, we have helped tens of millions of families buy, rent or keep their home.
