DALLAS, Aug. 19, 2009 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring Freddie Mac (NYSE:FRE). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The investment report on Freddie Mac (NYSE:FRE) should be of particular interest to mortgage investment companies: Fannie Mae (NYSE:FNM), Redwood Trust Inc. (NYSE:RWT), Capstead Mortgage Corp. (NYSE:CMO) and Anworth Mortgage Asset Corp. (NYSE:ANH).
It is available at: http://www.beaconequity.com/i/FRE
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Freddie Mac (FRE) purchases residential mortgages and mortgage-related securities in the secondary mortgage market and securitizes them into mortgage-related securities that can be sold to investors. It operates in three segments: Investments, Single-family Guarantee and Multifamily.
In the report, the analyst notes:
"The government has pledged up to $400 billion in aid for FRE and its sibling Fannie Mae. The two companies play a vital role in the mortgage market by purchasing loans from banks and selling them to investors. Together, they own or guarantee almost 31 million home loans worth about $5.4 trillion. That is about half of all U.S. home mortgages.
"Mortgage rates continued their upward tick. FRE said that the 30-year, fixed-rate mortgage averaged 5.29% for the week ended August 13, up from last week's 5.25%. However, rates are still down from last year, when the average was 6.52%. The 15-year, fixed-rate mortgage averaged 4.68%, up from last week's 4.63%. A year ago at this time, it was 6.07%."
To read the entire report visit: http://www.beaconequity.com/i/FRE
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