Company: FMCCN
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001026214-25-000040
Chunk: 114

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-02-13
Form: 10-K
Item: Item 15
Chunk 114
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 and on our debt funding costs. 

In addition, any change in applicable legislative or regulatory exemptions, including those described in Regulation and Supervision, could adversely affect our access to some debt investors, thereby potentially increasing our debt funding costs.

The table below summarizes the par value and the average rate of debt of Freddie Mac securities we issued or paid off, including regularly scheduled principal payments, payments resulting from calls, and payments for repurchases. We call, exchange, or repurchase our outstanding debt securities from time to time for a variety of reasons, including managing our funding composition and supporting the liquidity of our debt securities.

Table 48 - Debt of Freddie Mac ActivityYear Ended December 31,20242023(Dollars in millions)Par ValueAverage Rate(1)Par ValueAverage Rate(1)Short-term:Beginning balance$6,032 5.39 %$7,716 3.49 %Issuances100,593 5.13 93,794 4.50 Repayments— — — — Maturities(91,909)5.23 (95,478)4.33 Total short-term debt14,716 4.59 6,032 5.39 Long-term:Beginning balance168,009 3.31 170,363 2.22 Issuances107,453 5.18 53,078 5.52 Repayments(72,972)5.57 (13,743)5.57 Maturities(29,547)2.49 (41,690)2.52 Total long-term debt172,943 3.65 168,008 3.31 Total debt of Freddie Mac, net$187,659 3.73 %$174,040 3.38 %

(1)Average rate is weighted based on par value.

Our callable debt provides us with the option to repay the outstanding principal balance of the debt prior to its contractual maturity date. As of December 31, 2024, $75.1 billion of the outstanding $113.9 billion of callable debt may be called within one year, not including callable debt due to contractually mature within one year.

FREDDIE MAC  |  2024 Form 10-K87

Management's Discussion and AnalysisLiquidity and Capital Resources 

Maturity and Redemption Dates

The following table presents the par value