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Why Fannie Mae, Freddie Mac, and Redfin Soared This Week

TheMotleyFool 
0 0 29.12.23
Why Fannie Mae, Freddie Mac, and Redfin Soared This Week: https://g.foolcdn.com/editorial/images/759639/homebuying-home-mortgage.jpg
 

Shares of Federal National Mortgage Association (OTC: FNMA), also known as Fannie Mae, are up 11.6% this week as of Thursday's close, according to data provided by S&P Global Market Intelligence. Federal Home Loan Mortgage Corp (OTC: FMCC), also known as Freddie Mac, and online real estate platform Redfin (NASDAQ: RDFN) are also each up more than 9% this week as of this writing.

Their catalyst in common: Lower mortgage-interest rates are bolstering home affordability, mortgage activity, and new home listings.

In a press release last week, Fannie Mae's Economic and Strategic Research (ESR) Group predicted a "mild economic downturn" in 2024, "including stretched consumer spending relative to personal incomes and the continued effects of restrictive monetary policy still working through the economy."

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Source Fool.com

Osaka Titanium Technologies Stock

€15.10
1.340%
There is an upward development for Osaka Titanium Technologies compared to yesterday, with an increase of €0.20 (1.340%).

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