The quarterly refinance transition report provides information on the mortgage product volume transitions between “old” Freddie Mac-owned mortgages that paid off via the delivery of “new” refinance mortgages on the same properties funded by Freddie Mac in the reporting period. The report contains data on refinance mortgages originated between Q1 2020 and Q4 2024 and will be updated on a quarterly basis going forward to reflect refinance mortgages originated in the quarter. The report will be updated on the tenth business day in the month immediately following a quarter end.

Refinance Transition Report 
Last Updated: January 23, 2025

Additional Information

The information contained in this report and in the documents that may be accessed through this report is provided for your general information only and speaks only as of the date of those documents. Numerous assumptions were used in preparing the information, which may or may not be reflected herein. As such, no assurance can be given as to the information’s accuracy, appropriateness or completeness in any particular context. The information could be out of date and no longer accurate. Freddie Mac undertakes no obligation, and disclaims any duty, to update any of the information in those documents.  Opinions contained in this report are those of Freddie Mac as of the date indicated and are subject to change without notice.  The information and opinions expressed herein should not be construed as either projections or predictions of value, performance or results, nor as legal, tax, financial or accounting advice.  All content is provided on an “as is” basis, with no warranties of any kind whatsoever.

This is not an offer to buy or sell any Freddie Mac securities. Offers for any given security are made only through applicable offering circulars and related supplements, which incorporate our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (SEC); all other reports Freddie Mac files with the SEC pursuant to Section 13(a) of the Securities Exchange Act of 1934 (Exchange Act), excluding any information “furnished” to the SEC on Form 8-K; and all documents that Freddie Mac files with the SEC pursuant to Sections 13(a), 13(c) or 14 of the Exchange Act, excluding any information “furnished” to the SEC on Form 8-K.

The financial and other information contained in this report is not incorporated by reference into, or a part of, any offering documents of any security.  The information does not constitute a sufficient basis for making a decision with respect to the purchase and sale of any security and is directed only at, and is intended for distribution to and use by, qualified persons or entities in jurisdictions where such distribution and use is permitted and would not be contrary to law or regulation. All information regarding or relating to Freddie Mac securities is qualified in its entirety by the relevant offering circular and any related supplements. You should review the relevant offering circular and any related supplements before making a decision with respect to the purchase or sale of any security. In addition, before purchasing any security, please consult your legal and financial advisors for information about and analysis of the security, its risks and its suitability as an investment in your particular circumstances.

These materials may contain forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, some of which are beyond the company’s control. Management’s expectations for the company’s future necessarily involve a number of assumptions, judgments and estimates and various factors could cause actual results to differ materially from the expectations expressed in these and other forward-looking statements. These assumptions, judgments, estimates and factors are discussed in the company’s most recent Annual Report on Form 10-K and its reports on Form 10-Q and Form 8-K, which are available on the Investor Relations page of the company’s website at https://www.freddiemac.com/investors and the SEC’s website at www.sec.gov. The company undertakes no obligation to update forward-looking statements it makes to reflect events or circumstances occurring after the date of the report.