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

FREDDIE MAC

(FMCC)
  Report
Delayed Quote. Delayed OTC Bulletin Board - Other OTC - 10/28 03:59:31 pm
1.84 USD   -1.08%
10/26FREDDIE MAC : Issues Monthly Volume Summary for September 2020
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10/26Freddie Mac Issues Monthly Volume Summary for September 2020
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10/26U.S. new home sales drop; record low mortgage rates underpinning demand
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Freddie Mac : US long-term mortgage rates change little; 30-year at 2.87%

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09/17/2020 | 02:41pm EDT

WASHINGTON (AP) — U.S. average rates on long-term mortgages changed little this week as they hover at historically low levels.

Mortgage buyer Freddie Mac reported Thursday that the average rate on the 30-year home loan edged up to 2.87% from 2.86% last week. By contrast, the rate averaged 3.73% a year ago.

The average rate on the 15-year fixed-rate mortgage slipped to 2.35% from 2.37% from last week.

Housing demand continues as one of few bright spots in the pandemic-hobbled economy. Spurred by the low loan rates, first-time home purchases jumped 19% in August from July, to the highest monthly level ever tracked, according to Freddie Mac. Still, the lack of available homes for sale is a constraint.

In the wider economy, the government reported Thursday that the number of Americans applying for unemployment benefits fell last week to 860,000, a historically high number of people that points up the broad economic damage still occurring nine months after the first case of COVID-19 was detected in the US.

Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission., source Associated Press News


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Financials (USD)
Sales 2020 12 111 M - -
Net income 2020 -370 M - -
Net Debt 2020 - - -
P/E ratio 2020 -16,7x
Yield 2020 -
Capitalization 5 927 M 5 927 M -
Capi. / Sales 2020 0,49x
Capi. / Sales 2021 0,50x
Nbr of Employees 6 892
Free-Float 89,6%
Chart FREDDIE MAC
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Technical analysis trends FREDDIE MAC
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 4
Average target price 3,81 $
Last Close Price 1,84 $
Spread / Highest target 280%
Spread / Average Target 107%
Spread / Lowest Target 8,70%
EPS Revisions
Managers
NameTitle
David M. Brickman President, Chief Executive Officer & Director
Sara Mathew Non-Executive Chairman
Christian Mark Lown Chief Financial Officer & Executive Vice President
Frank Nazzaro Chief Information Officer & Executive VP
Saiyid T. Naqvi Independent Director
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