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CorporateMay 1, 2025

Freddie Mac CFO Discusses First Quarter 2025 Financial and Business Results

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OutlookJanuary 24, 2025

Economic, Housing and Mortgage Market Outlook – January 2025

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Housing and Economic Research

Original research and analysis on housing trends, the economy and the mortgage market

  • Outlook | January 22, 2024

    Economic, Housing and Mortgage Market Outlook – January 2024 | Spotlight: Discount Points

    While the economy continues to expand and added 2.7 million jobs in 2023, signs point to a normalization in the labor market as job growth is expected to moderate in 2024. More

    2023: PMMS profile borrowers paid about 10% less points compared to all purchase borrowers
  • Outlook | December 20, 2023

    Economic, Housing and Mortgage Market Outlook – December 2023 | Spotlight: Top 3 Trends in 2023

    Bolstered by resilient consumer spending and investment, the U.S. economy expanded in 2023, defying expectations of a recession. More

    Bolstered by resilient consumer spending and investment, the U.S. economy expanded in 2023, defying expectations of a recession.
  • Outlook | November 21, 2023

    Economic, Housing and Mortgage Market Outlook – November 2023 | Spotlight: Young Adults and Co-Borrowing

    Economic growth remained strong in Q3, primarily due to solid consumer spending. We expect the economy to slow down as the full impact of higher interest rates is felt. More

    Q1 2023: 2.5% FTHB young adult borrowers with co-borrower aged 55+
  • Outlook | October 20, 2023

    Economic, Housing and Mortgage Market Outlook – October 2023 | Spotlight: Millennial Household Formation

    The U.S. economy continues to grow at a pace closer to long-term trend as the labor market and consumer spending remain strong. More

    Exhibit 1: Bar chart showing the distribution of 2022 population by age. In 2022, largest age cohorts were 30 to 32 year-olds, the median age for first-time homebuyers was 33 and the median age of repeat homebuyers was 55.
  • Outlook | September 21, 2023

    Economic, Housing and Mortgage Market Outlook – September 2023 | Spotlight: Hispanic Homeownership Gap

    While overall economic growth has been resilient, the labor market shows signs of cooling off, with job openings down and job growth softening. The labor market slowdown may help reduce inflationary pressures. More

    Exhibit 1: Employment revisions: difference between the third and first estimate of nonfarm payrolls - Bar chart showing the difference between the third estimate and the first estimate of total nonfarm payroll growth from January 2022 to June 2023. There have been downward revisions for every month in 2023, with June being the largest downward revision at -104,000.
  • Outlook | August 17, 2023

    Economic, Housing and Mortgage Market Outlook – August 2023 | Spotlight: Refinance Trends

    U.S. economic growth remains on firm ground, with strong consumption spending and a tight labor market. Although housing market activity has slowed, a demand-supply imbalance is causing a rebound in home prices. More

    Share of outstanding mortgages by interest rate at origination (Q1 2023, %)

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Opinions, estimates, forecasts, and other views contained in this document are those of Freddie Mac’s economists and other researchers, do not necessarily represent the views of Freddie Mac or its management, and should not be construed as indicating Freddie Mac’s business prospects or expected results. Although the authors attempt to provide reliable, useful information, they do not guarantee that the information or other content in this document is accurate, current or suitable for any particular purpose. All content is subject to change without notice. All content is provided on an “as is” basis, with no warranties of any kind whatsoever. Information from this document may be used with proper attribution. Alteration of this document or its content is strictly prohibited. ©2025 by Freddie Mac.

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Primary Mortgage Market Survey®

Average Rates as of May 8, 2025
30-Yr FRM
6.76%
15-Yr FRM
5.89%

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