Shares of Fannie Mae rose more than 30% in trading on March 30, 2026, marking a significant turnaround for the company. This surge comes after prominent investor Bill Ackman described Fannie Mae as “stupidly cheap” and suggested that shares could potentially rise 10-fold.
Prior to Ackman’s comments, both Fannie Mae and its counterpart, Freddie Mac, had been struggling, with their shares down roughly 40% in 2026. This decline followed a challenging period for both companies, which have faced scrutiny and financial difficulties since the 2008 financial crisis.
Ackman, the founder of Pershing Square Capital Management, made his remarks on the social media platform X, igniting renewed interest in Fannie Mae’s stock. His comments resonate with other investors, including Michael Burry, who disclosed a sizable stake in both Fannie Mae and Freddie Mac in December 2025.
Fannie Mae, officially known as the Federal National Mortgage Association, has been viewed as undervalued by some market observers. Ackman emphasized that this could be “one of the best times to buy quality,” indicating a potential shift in investor sentiment.
The recent surge in Fannie Mae’s stock price reflects a broader trend of speculation in the housing finance sector, particularly as investors look for opportunities in undervalued assets. The market’s reaction to Ackman’s endorsement suggests that many are eager to capitalize on potential gains.
Despite the positive momentum, the overall performance of Fannie Mae and Freddie Mac remains uncertain, as both companies continue to navigate regulatory challenges and market volatility. Details remain unconfirmed regarding the sustainability of this stock increase and whether it will lead to a long-term recovery.
As investors keep a close watch on Fannie Mae’s developments, the coming weeks may reveal whether this stock surge is a fleeting moment or the beginning of a more substantial rebound in the housing finance market.