New All-Time Lows For Freddie Mac and Fannie Mae
Mortgage backers Freddie Mac (FRE) and Fannie Mae (FNM) made new lows today, after erasing all gains made from the July ‘Savior Rally” that was widely expected to be the absolute bottom for these stocks. Let’s look at where we are price-wise and how far these stocks have fallen recently. First, their daily charts: Fannie…