Mortgage stocks were a mixed bag last week.

Investors responded to the Fed's further increases in shortterm rates and the expectation of stability in long-term rates that accompanied them by bidding up the shares of Fannie Mae by $4 a share and of Freddie Mac by $1.875. The secondary-market giants stand to benefit from a protracted period of rate stability.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.