Fmcc stock price technical indicators such as RSI at 58

Technical indicators such as RSI at 58 suggest the stock is neither overbought nor oversold, paving the way for potential breakout if macro mortgage trends continue favorable. Watch for the next quarterly earnings for confirmation of forward momentum. On July 31, Freddie Mac reported its second-quarter results for fiscal 2025. Net revenues declined marginally year-over-year (YOY) to $5.92 billion. On the other hand, net interest income increased 8% to $5.3 billion, driven by growth in the company's mortgage portfolio. The marginal decline in the topline was driven by a 42% annual decline in non-interest income to $617 million. President Donald Trump has also hinted at the possibility of merging Fannie Mae and Freddie Mac and trading them under the name "MAGA." The government would need to take definitive steps soon if it intends to launch the new entity as early as November, as suggested by the backdrop of an image posted by Trump on Truth Social in August. The latest fmcc stock price movement reflects broader financial market resilience, with intraday highs touching $11.