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

Mortgage rates have fallen for the second consecutive week due to easing inflation. The average 30-year fixed-rate mortgage is now 6.95%, down from 6.99% the previous week. The Federal Reserve has maintained the federal funds rate range at 5.25% to 5.5%.

Portfolio Pulse from Michael Juliano

June 14, 2024 | 8:31 pm

Keefe, Bruyette & Woods analyst Bose George has upgraded Federal Home Loan (FMCC) from Underperform to Market Perform and increased the price target from $1 to $1.25.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 2:42 pm

Rep. Kevin Hern (R-OK) sold shares of Freddie Mac (OTC:FMCC) for a profit of 42.2% to 48.9%, having bought them earlier in the year. This transaction could intensify discussions about banning stock trades by Congress members, especially as Hern previously violated the STOCK Act by not disclosing 2021 transactions. Freddie Mac is under conservatorship since the 2008 financial crisis.

Portfolio Pulse from Chris Katje

December 08, 2023 | 9:32 pm

A Realtor.com study shows that the average down payment for homes in the U.S. decreased to 13.8% in 2023 from 14.7% in 2022. California cities lead with the highest median down payments, with San Jose-Sunnyvale-Santa Clara at the top with $235,183. Freddie Mac notes PMI costs $30-$70 per month per $100,000 borrowed. Redfin Corp., Zillow Group, Inc., Anywhere Real Estate Inc., and RE/MAX Holdings, Inc. are key players in the real estate market. ETFs like iShares U.S. Real Estate ETF and Real Estate Select Sector SPDR Fund offer diversified exposure to the sector.

Portfolio Pulse from Bibhu Pattnaik

November 19, 2023 | 7:11 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.