Streetbeat News

FMCC

Federal Home Loan Mortgage Corp

http://www.freddiemac.com/

CEO

David Brickman

Employees

7,301

Industry

Savings Institutions

Open

2.91

Mkt cap

Volume

2.7M

High

3.15

P/E Ratio

-62.80

52-wk high

3.48

Low

2.86

Div yield

N/A

52-wk low

0.62

Freddie Mac's latest Primary Mortgage Market Survey reveals that the 30-year fixed-rate mortgage has increased to an average of 6.84%.

Portfolio Pulse from

November 21, 2024 | 5:15 pm

Freddie Mac has announced its multifamily loan purchase cap for 2025, set at $73 billion.

Portfolio Pulse from

November 18, 2024 | 6:45 pm

Billionaire investor Bill Ackman and his fund, Pershing Square Capital Management, hold two over-the-counter stocks that have benefited from Trump's election victory.

Portfolio Pulse from

November 16, 2024 | 8:45 am

Fannie Mae and Freddie Mac shares surged following Trump's election victory, as investors anticipate potential removal from Federal Housing Finance Administration conservatorship.

Portfolio Pulse from

November 14, 2024 | 7:15 pm

Freddie Mac released its Primary Mortgage Market Survey, indicating that the 30-year fixed-rate mortgage averaged 6.78% following election results and a Federal Reserve rate cut.

Portfolio Pulse from

November 14, 2024 | 5:15 pm

Freddie Mac, a government-sponsored enterprise, saw its shares surge by 39% following Trump's re-election, driven by investor speculation on potential privatization. The company's profitability makes its equity highly valuable, attracting interest in privatization plans.

Portfolio Pulse from

November 08, 2024 | 6:15 am

Freddie Mac released its Primary Mortgage Market Survey, indicating that the 30-year fixed-rate mortgage averaged 6.79%.

Portfolio Pulse from

November 07, 2024 | 5:15 pm

Mortgage rates are nearing 6% following a Federal Reserve rate cut, increasing demand for refinancing and home purchases. ETFs holding mortgage stocks, such as iShares Mortgage Real Estate ETF, VanEck Mortgage REIT Income ETF, and iShares MBS ETF, have seen slight increases.

Portfolio Pulse from Michael Juliano

September 19, 2024 | 10:30 pm

Shares of U.S.-listed mortgage lenders have risen after U.S. regulators allowed Freddie Mac to buy second mortgages, potentially lowering borrowing costs against home equity. The Federal Housing Finance Authority (FHFA) approved a pilot program for Freddie Mac to buy up to $2.5 billion of second mortgages over 18 months.

Portfolio Pulse from Michael Juliano

June 24, 2024 | 11:06 pm

Mortgage rates have fallen for the third consecutive week due to signs of cooling inflation and lower interest rates from the Federal Reserve, according to Freddie Mac. The 30-year fixed mortgage rate averaged 6.87%, down from 6.95% last week, while the 15-year fixed mortgage rate averaged 6.13%, down from 6.03% last week.

Portfolio Pulse from Michael Juliano

June 20, 2024 | 8:12 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.