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MarketScreener Homepage  >  Equities  >  OTC Bulletin Board - Other OTC  >  Freddie Mac    FMCC

FREDDIE MAC

(FMCC)
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Delayed Quote. Delayed OTC Bulletin Board - Other OTC - 11/11 03:59:23 pm
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Mortgage Rates Jump

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10/17/2019 | 10:01am EST

MCLEAN, Va., Oct. 17, 2019 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 3.69 percent, up 12 basis points from last week.

“Despite this week’s uptick in mortgage rates, the housing market remains on the upswing with improvement in construction and home sales,” said Sam Khater, Freddie Mac’s Chief Economist. “While there has been a material weakness in manufacturing and consistent trade uncertainty, other economic trends like employment and homebuilder sentiment are encouraging.”

News Facts

  • 30-year fixed-rate mortgage averaged 3.69 percent with an average 0.6 point for the week ending October 17, 2019, up from last week when it averaged 3.57 percent. A year ago at this time, the 30-year FRM averaged 4.85 percent. 
  • 15-year fixed-rate mortgage averaged 3.15 percent with an average 0.5 point, up from last week when it averaged 3.05 percent. A year ago at this time, the 15-year FRM averaged 4.26 percent. 
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.35 percent with an average 0.4 point, unchanged from last week. A year ago at this time, the 5-year ARM averaged 4.10 percent.

Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage. Visit the following link for the Definitions. Borrowers may still pay closing costs which are not included in the survey.

Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we’ve made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders, investors and taxpayers. Learn more at FreddieMac.com, Twitter @FreddieMac and Freddie Mac’s blog FreddieMac.com/blog.

MEDIA CONTACT:
Angela Waugaman
703-714-0644
Angela_Waugaman@FreddieMac.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9c56a0a2-fd37-4fa4-9a93-003894b9055b

Primary Logo

Primary Mortgage Market Survey®

U.S. weekly average mortgage rates as of 10/17/2019

© GlobeNewswire 2019
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Financials (USD)
Sales 2019 11 446 M
EBIT 2019 -
Net income 2019 -717 M
Debt 2019 -
Yield 2019 -
P/E ratio 2019 -13,1x
P/E ratio 2020 -
Capi. / Sales2019 0,81x
Capi. / Sales2020 0,75x
Capitalization 9 310 M
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Mean consensus OUTPERFORM
Number of Analysts 2
Average target price 5,50  $
Last Close Price 2,89  $
Spread / Highest target 142%
Spread / Average Target 90,3%
Spread / Lowest Target 38,4%
EPS Revisions
Managers
NameTitle
David M. Brickman President, Chief Executive Officer & Director
Sara Mathew Non-Executive Chairman
James G. Mackey Chief Financial Officer & Executive Vice President
Stacey Goodman Chief Information Officer & Executive VP
Frank Nazzaro Chief Information Officer & Executive VP
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