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FEDERAL HOME LOAN MORTGAGE CORPORATION

(FMCC)
  Report
Delayed OTC Markets  -  03:44 2022-09-29 pm EDT
0.5205 USD   -2.71%
11:22aUS long-term mortgage rates up for 6th week; 30-year at 6.7%
AQ
10:01aMortgage Rates Rise for the Sixth Consecutive Week
AQ
08:37aCorrection to Mortgage Rates Climb Article
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Mortgage Rates Edge Higher, Freddie Mac Says

06/23/2022 | 10:15am EDT

By Dean Seal


Mortgage rates inched higher this week, extending a sharp rise that started earlier this month, according to housing-finance agency Freddie Mac.

In the week ending Thursday, the average rate on a 30-year fixed-rate mortgage edged higher to 5.81% from 5.78% last week. A year ago this week, the average rate was 3.02%.

Average 15-year rates were 4.92%, up from 4.81% a week ago and 2.34% a year ago.

The average rate on a five-year Treasury-indexed hybrid adjustable-rate mortgage, or ARM, was 4.41%, up from 4.33% last week. A year ago, the five-year ARM averaged 2.53%.

"Fixed mortgage rates have increased by more than two full percentage points since the beginning of the year," said Sam Khater, Freddie Mac's chief economist. "The combination of rising rates and high home prices is the likely driver of recent declines in existing home sales. However, in reality many potential homebuyers are still interested in purchasing a home, keeping the market competitive but leveling off the last two years of red-hot activity."


Write to Dean Seal at dean.seal@wsj.com


(END) Dow Jones Newswires

06-23-22 1014ET

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Financials (USD)
Sales 2022 16 571 M - -
Net income 2022 10 121 M - -
Net Debt 2022 - - -
P/E ratio 2022 0,22x
Yield 2022 -
Capitalization 1 723 M 1 723 M -
Capi. / Sales 2022 0,10x
Capi. / Sales 2023 0,12x
Nbr of Employees 7 301
Free-Float 54,6%
Chart FEDERAL HOME LOAN MORTGAGE CORPORATION
Duration : Period :
Federal Home Loan Mortgage Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 2
Last Close Price 0,54 $
Average target price 0,80 $
Spread / Average Target 49,5%
EPS Revisions
Managers and Directors
Michael J. DeVito Chief Executive Officer & Director
Michael Thomas Hutchins President
Christian Mark Lown Chief Financial Officer & Executive Vice President
S. Sara Mathew Non-Executive Chairman
Jerry Mauricio Chief Compliance Officer & Senior Vice President