Recent sessions show fmcc stock price resilience despite mixed macroeconomic news. The mortgage-backed securities index’s slight climb lends underlying support to FMCC, with some traders eyeing $12.10 as a tactical target in the near term. In 2013, Pershing purchased a nearly 10% stake in both Fannie and Freddie. Based on trade data in the filings, Pershing and Ackman purchased more than 115 million shares of Fannie for an average price of $2.29. He also purchased about 63.5 million shares for an average cost of $2.14. The average rate on the 15-year fixed mortgage fell to 5.41% from last week's reading of 5.5%. One year ago, the rate on the 15-year fixed note averaged 5.15%. As of early afternoon, fmcc stock price remains steady at $11.