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The average US long-term mortgage rate climbs to 6.93%, marking the fourth straight increase amid rising bond yields and home prices.
Fannie Mae and Freddie Mac shares rise to multi-year highs following federal agencies' announcement on the privatization path for the mortgage giants.
Mortgage rates in the US reach a six-month high, impacting home affordability amid rising home prices and economic uncertainty.
Billionaire investor Bill Ackman predicts Trump will privatize Fannie Mae and Freddie Mac, impacting the housing market and potential stock listings.
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