Las Vegas, NV -- (SBWIRE) -- 09/04/2013 -- Federal Home Loan Mortgage Corp (OTCBB:FMCC) known as Freddie Mac US home funding company according to Reuters announced on Tuesday August 3rd 2013 reported the company sold $2 billion of reference bills at lower rates and weaker demand compared with the most recent sales.
Freddie Mac sold $1 billion of three-month bills, at a 0.045 percent rate, down from the 0.048 percent rate for $1 billion three-month bills. Also company sold $1 billion of six-month bills, due March 3, 2014, at a 0.080 percent rate. Till now demand for the three-month bills was weaker.
Federal Home Loan Mortgage Corporation provides credit guarantee for residential mortgages and mortgage-related securities in the United States. It functions in three sections: Single-Family Guarantee, Investments, and Multifamily.
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