FMCC Freddie Mac

Freddie Mac Quarterly Forecast: The Economy is Recovering from a Deep Contraction and Housing is Rebounding, but the Outlook Remains Highly Uncertain

Freddie Mac Quarterly Forecast: The Economy is Recovering from a Deep Contraction and Housing is Rebounding, but the Outlook Remains Highly Uncertain

MCLEAN, Va., June 16, 2020 (GLOBE NEWSWIRE) -- According to ’s (OTCQB: FMCC) Quarterly , housing markets have been effected by the pandemic with both home sales and house price growth declining.

“While the housing market undoubtedly has felt the effects of COVID-19, we are encouraged by recent homebuyer demand as well as mortgage rates that should remain at record lows for the foreseeable future.” said Sam Khater, Freddie Mac’s Chief Economist. “However, beyond the initial rebound in the housing market, the economic and housing outlook will be heavily impacted by the prospects for a vaccine, fiscal policy and the underlying organic recovery of the economy which, in combination, make the outlook highly uncertain.”

According to the Forecast:

  • The average 30-year fixed-rate mortgage is expected to be 3.4 percent in 2020 and 3.2 percent in 2021.
  • House price growth is expected to decelerate to an annual rate of 2.3 percent in 2020. In 2021, that rate is expected to be 0.4 percent.
  • Home sales are expected to decrease in 2020 to 4.8 million homes and increase in 2021 to 5.6 million homes.
  • Purchase originations are expected to decrease to $1.044 trillion in 2020 and increase to $1.244 trillion in 2021.
  • Refinance originations are expected to be $1.872 trillion in 2020 before falling to $1.279 trillion in 2021. 
  • Overall, the Forecast expects annual mortgage origination levels to be $2.916 trillion in 2020 and $2.524 trillion 2021.

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 , Twitter , and Freddie Mac’s blog .

MEDIA CONTACT:

Angela Waugaman

703-714-0644

A photo accompanying this announcement is available at

EN
16/06/2020

Underlying

FMCCFreddie Mac

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Freddie Mac

 PRESS RELEASE
Free
FMCC FREDDIE MAC

Mortgage Rates Drop Slightly

Mortgage Rates Drop Slightly MCLEAN, Va., Dec. 18, 2025 (GLOBE NEWSWIRE) -- (OTCQB: FMCC) today released the results of its (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.21%. “The average 30-year fixed-rate mortgage has remained within a narrow 10-basis point range over the last two months,” said Sam Khater, Freddie Mac’s Chief Economist. “With rates down half a percent over last year, purchase applications are 10% above the same time one year ago.”   News Facts The averaged 6.21% as of December 18, 2025, down slightly from last week when it averaged 6.22%. A yea...

December 18, 2025 1 EN
 PRESS RELEASE
Free
FMCC FREDDIE MAC

Freddie Mac Will Close the Gold PC / Giant PC Exchange Offer on Decemb...

Freddie Mac Will Close the Gold PC / Giant PC Exchange Offer on December 18, 2026 MCLEAN, Va., Dec. 18, 2025 (GLOBE NEWSWIRE) -- (OTCQB: FMCC) today announced that its offer to investors to exchange certain eligible Gold PCs and Giant PCs for TBA-eligible and non-TBA-eligible mirror securities will close on December 18, 2026. Freddie Mac announced the opening of the exchange offer on . Investors can refer to the Exchange Offer Circular (available at ) for the terms and conditions pertaining to the exchange offer. Additional information on the exchange offer is available on Freddie Mac...

December 18, 2025 1 EN
 PRESS RELEASE
Free
FMCC FREDDIE MAC

Freddie Mac President Mike Hutchins to Remain President; Freddie Mac N...

Freddie Mac President Mike Hutchins to Remain President; Freddie Mac Names New CEO, Kenny M. Smith Transition to take place December 17 MCLEAN, Va., Dec. 16, 2025 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced that its Board of Directors has selected Kenny M. Smith, a seasoned financial services leader, as the company’s chief executive officer (CEO), effective December 17. He also will serve as a member of the company’s Board of Directors. Michael Hutchins, who has served as interim CEO, will continue in his role as president. Mr. Smith brings nearly 40 years of experie...

December 16, 2025 1 EN
 PRESS RELEASE
Free
FMCC FREDDIE MAC

Mortgage Rates Remain Near 2025 Lows

Mortgage Rates Remain Near 2025 Lows MCLEAN, Va., Dec. 11, 2025 (GLOBE NEWSWIRE) -- (OTCQB: FMCC) today released the results of its (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.22%. “The average 30-year fixed-rate mortgage is well below the year-to-date average of 6.62%, providing some sense of balance to the housing market,” said Sam Khater, Freddie Mac’s Chief Economist.  News Facts The averaged 6.22% as of December 11, 2025, up from last week when it averaged 6.19%. A year ago at this time, the 30-year FRM averaged 6.60%.The averaged 5.54%, up from last week...

December 11, 2025 1 EN
 PRESS RELEASE
Free
FMCC FREDDIE MAC

Mortgage Rates Move Down

Mortgage Rates Move Down MCLEAN, Va., Dec. 04, 2025 (GLOBE NEWSWIRE) -- (OTCQB: FMCC) today released the results of its (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.19%. “Mortgage rates decreased for the second straight week as we emerged from the Thanksgiving holiday,” said Sam Khater, Freddie Mac’s Chief Economist. “Compared to this time last year, mortgage rates are half a percent lower, creating a more favorable environment for homebuyers and homeowners.” News Facts The averaged 6.19% as of December 4, 2025, down from last week when it averaged 6.23%. A year...

December 4, 2025 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch