Federal Home Loan Mortgage (FMCC) Tax Rate (2010 - 2026)

Federal Home Loan Mortgage's (FMCC) quarterly Tax Rate came in at 19.7% in Q1 2026, down 10.0% year-on-year from 21.89% in Q1 2025, and up 0.52% on a QoQ basis from 19.6% in Q4 2025.

Federal Home Loan Mortgage (FMCC) Tax Rate (2010 - 2026) Analysis & Trends

Federal Home Loan Mortgage (FMCC) has 17 years of Tax Rate data on file, last reported at 19.7% in Q1 2026.

  • On a quarterly basis, Tax Rate fell 10.0% year-over-year to 19.7% in Q1 2026; TTM through Mar 2026 was 19.66%, a 7.0% decrease from a year earlier, with the FY2025 full-year figure at 19.68%, down 7.0% from the prior year.
  • Tax Rate for Q1 2026 stood at 19.7%, up from 19.6% in the prior quarter.
  • Over the last five years, Tax Rate for FMCC reached as high as 20.49% in Q3 2023 and fell as low as 15.83% in Q3 2022.
  • Historically, Tax Rate has averaged 19.7% across 5 years, with a median of 19.83% in 2023.
  • Across the five-year window, Tax Rate sank 411 bps in 2022 and jumped 466 bps in 2023, its largest moves.
  • Year by year, Tax Rate stood at 20.44% in 2022, then slipped by 1 bps to 20.16% in 2023, then dropped by 2 bps to 19.81% in 2024, then declined by 1 bps to 19.6% in 2025, then gained by 1 bps to 19.7% in 2026.
  • Per Business Quant data, the three most recent Tax Rate figures were 19.7% in Q1 2026, 19.6% in Q4 2025, and 19.58% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Rocket Companies 38.33 Bn 35.64 Bn - 25.75%
2 Federal National Mortgage Association Fannie Mae 35.67 Bn 35.67 Bn - 20.24%
3 Federal Home Loan Mortgage 18.11 Bn 13.64 Bn - 19.70%
4 PennyMac Financial Services 4.41 Bn 3.76 Bn 523.89 Mn 21.37%
5 CNFinance Holdings 3.28 Bn 3.20 Bn - -
6 Walker & Dunlop 1.64 Bn 1.44 Bn - 30.91%
7 Velocity Financial 681.36 Mn -6.51 Bn - 27.78%
8 UWM Holdings 540.43 Mn 116.43 Mn - 4.01%
9 Better Home & Finance Holding 362.34 Mn 298.07 Mn - 3.08%
10 Onity 340.51 Mn 215.81 Mn - 3.80%

Historic Data

Download Data
DateValue
Mar 31, 2026 19.70%
Mar 31, 2026 19.70%
Mar 31, 2026 19.70%
Dec 31, 2025 19.60%
Dec 31, 2025 19.60%
Dec 31, 2025 19.60%
Sep 30, 2025 19.58%
Sep 30, 2025 19.58%
Sep 30, 2025 19.58%
Jun 30, 2025 19.76%
Jun 30, 2025 19.76%
Jun 30, 2025 19.76%
Mar 31, 2025 19.80%
Mar 31, 2025 19.80%
Mar 31, 2025 19.80%
Dec 31, 2024 19.81%
Dec 31, 2024 19.81%
Dec 31, 2024 19.81%
Sep 30, 2024 19.27%
Sep 30, 2024 19.27%