Federal Home Loan Mortgage Corporation (QB) (FMCCS) News

Mortgage Rates Move Lower -

Freddie Mac - Thu, Jun 20, 2024,



MCLEAN, Va., June 20, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.87 percent.

“Mortgage rates fell for the third straight week following signs of cooling inflation and market expectations of a future Fed rate cut,” said Sam Khater, Freddie Mac’s Chief Economist. “These lower mortgage rates coupled with the gradually improving housing supply bodes well for the housing market. Aspiring homeowners should remember it’s important to shop around for the best mortgage rate as they can vary widely between lenders.”

News Facts

--- The 30-year FRM averaged 6.87 percent as of June 20, 2024, down from last week when it averaged 6.95 percent. A year ago at this time, the 30-year FRM averaged 6.67 percent.

--- The 15-year FRM averaged 6.13 percent, down from last week when it averaged 6.17 percent. A year ago at this time, the 15-year FRM averaged 6.03 percent.

--- The PMMS® is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20 percent down and have excellent credit. For more information, view our Frequently Asked Questions.

Freddie Mac’s mission is to make home possible for families across the nation. We promote liquidity, stability, affordability and equity in the housing market throughout all economic cycles. Since 1970, we have helped tens of millions of families buy, rent or keep their home. Learn More: Website | Consumers | Twitter | LinkedIn | Facebook | Instagram | YouTube

MEDIA CONTACT:
Chad Wandler
(703) 903-2446
Chad_Wandler@FreddieMac.com

Check out this article: https://stock-spy.com/app/quote/FMCC?articleURL=https%3A%2F%2Ffinance.yahoo.com%2Fnews%2Fmortgage-rates-move-lower-160000652.html%3F.tsrc%3Drss&title=Mortgage+Rates+Move+Lower

How long does a FKing 8-0 verdict take to finalize ? I wish the trial was in Manhattan !

Sell me 0.0001 lol kidding

Any flippers who timed it well, would have made a lot of money

Could this be the end

Had a nice run

Not looking good ! Sickening !

Where’s Joey D Bull? I miss that pumper!

How we doing today team ?

It's about time to pick a new FIGHT and demand $5.55 per FMCC share in damages.

Nahhh, more like profit taking by short timers now that it's trading sideways after months of steady stair steps up. That, and possibly some confusion about the NYSE delisting of the preferred issue. Watch commons run again after July 1st when peeps figure out that had nothing to do with common ownership issues.

The $1 minimum is for NYSE traded issues. We only have to maintain $0.01 to remain on the OTC top tier.

It means you can request your certs and auction them on Ebay, LOL!

thats an easy one, they have a buyer who wants them cheap, and looking for a sucker to sell into pull back, which was created by them in the first place.

If you get a call from a broker asking you to sell them your shares, put a sell order in for 100 dolla, they are asking for their MMs who have a buyer or they want to loan to a short position. either way, deprive them, tell them to buy yours at 100.

They can only ask, or advise.

I suspect any Broker Dealer doing that is short/sold naked shares/carrying FTD's (failure to deliver) and concerned the next run up will cost them dearly. My brokers call me rarely to never but the few times they have over the years I've politely explained that I pay them to execute my orders as opposed to their free advice.

..."My broker called me to sell my FNMA and FMCC"...
-CatTurd

(Uh, yeah, just like those TPS reports from office space)
Must be needing attention or spends money on a financial advisor? Weird.

Why would brokerages call up their retail customers asking them to sell their fnma and fncc stocks?

Thats called Nationalisation asshole. They would of done that back in 2008

This got me thinking... could the conservators arbitrarily decide that the country needs that equity more than the twins and just repeal the earlier decision to stop the sweep, and instantly sweep all their net worth back into the treasury? That big chunk of cash could be pretty tempting...

Got a call from Fidelity asking me to sell my fnma and fmcc shares.

Is it illegal for a Brokerage to demand a retail customer to sell shares of a stock?!

The Twins feed the new comers !

Get it Navy!

Ahhh, forgetting the terrible spider weave that they conveniently 'forgot'...

Jaw Breaker tries to land his punches. All considered bribery. Just like the student loans- Barry encouraged people that they need a college degree, yet never implicates that there's a responsibility to pay it back.
Nope, loan forgiveness. That's a positive ! 😵‍💫

Simple minds for simple folks. 💤 😴 💤

https://www.foxnews.com/opinion/brace-yourself-2008-mortgage-crisis-may-set-off-crazy-biden-scheme.amp

We heading to a buck again !

We heading to a buck again !

How we doing today ?

added 11,000 more Freddie on Friday @ $1.33 ... let's RIDE !

That dudes word means nothing. No reason to get excited unfortunately.

$Boooom ! next week could be tits !
https://x.com/usnavycmdr/status/1802017002896421105?t=84jf8mfE7ysmylxuwhWJ3Q&s=19
The insanely high 300+B required amount is not entirely set in stone and $PSH Q1 call Ackman said arguably they have enough cash now combined to end conservatorship. Plus no one ever mentions Paulson is set for Treasury Sec (only Trump ack for Treasury Sec). Release will suprise— Stankonia Capital (@StankoniaCap) June 16, 2024

I'll articulate it....It's way past time to release us you jackazz's, get your azz's in gear. Quit stealiing and do your damn jobs!

Even a moron can understand this.

You get it! Congratulations!

https://x.com/usnavycmdr/status/1802017002896421105

How many times have we seen these Candle Sticks and here we are!

$Freddie mac oversold reversal - $Bullish candlesticks - 3 $Gap $Down $Pattern ...

Wake me when Ackman sells fnf...

He tighter hand than Roaring Kitty...he will be richest in the world...

Team on three! It’s coming boys, don’t miss the new launch to two!

$1.70 buy tomorrow !

Do your own research

My problem yesterday, was one of reading comprehension, as stated by navycmdr,and I think sammyboy......The news came to me via Fidelity, and at first glance I thought it was referring to my hold of FMCC common shares. In reality it was referring to fmcc 25z bond related de-listing, and has nothing to do with common shares FMCC......The news came to me because it was Freddie "related" news......So I apologise greatly to all here......My stupidity.......GLTA

If you can’t read the last 10 posts or search yourself just avoid this stock instead of just asking stupid questions because you can’t read a news article properly.

Just cuz I think it’s funny what do you think FMCC trades on right now?

People, please help answer these questions:
(1) FMCC is delisted on NYSE. on 7/1/24. Will it be trading on OTC platform?
(2) Under what circumstance or political situation, will FMCC and FNMA be released from conservatorship?
It did not get released from conservatorship under Trump's last presidency. Trump did not want to release them from conservatorship because Trump needed the money from the golden eggs to run his presidency. There is no hope for that in the future whoever is the president who will do the same. Is there any hope at all??? It has been over many many years long time waiting
thanks

Jp Morgan who invented the credit swap. Latter jp Morgan got out ahead of time because they realized it was risky.

financial crisis of 2008 was fueled by the widespread use of credit default swaps (CDS), a financial instrument that played an integral role in the downfall of Lehman Brothers. CDS is a financial derivative that allows investors to protect themselves against the risk of default on a bond, loan, or other financial asset.

The reason Freddie delisted bond , maybe Freddie doesn't want to play the same old game.

Roaring Kitty will B nuttin in comparison to the FNMA LONGS...15 YEARS?

Gotta be THE biggest win EVER.

Just sayin ain't prayin er manipulatin cause manipulatin tis witchcraft. Really

Best illustration of The Big Lie about Fannie & Freddie came from the Mortgage Bankers Association, showing performance of prime fixed rate mortgages performance exponentially superior to the rest of the market. Guess whose loan performance was better than prime FRMs? Thread 1/ pic.twitter.com/YbBk0BOAoo— David Fiderer (@Ny1david) June 13, 2024

David has a good thread here

Back to a buck whats stopping it?

Any news Team, another day, you never know !

the Fannie Freddie shorts take quick advantage of the

mkt Lemmings FEAR and ignorance - recent press news

was a complete Nothing Burger but another opportunity for

the shorts once again - TRADE Fannie /; Freddie ACCORDINGLY

$BUY the $Dip -and ignore the Lemmings fear noise

$GSEs are still profitable and $GAINING $BILLIONS each $QTR