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CalculatedRisk Newsletter · Jul 31, 2026

Lawler: Update on the GSEs: Agency MBS Holdings Decline, Interest Rate Risk Measures Keep Rising

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From housing economist Tom Lawler:

From housing economist Tom Lawler:

Fannie Mae and Freddie Mac recently released their monthly volume summaries for May, and these reports showed that their combined holdings of Agency MBS declined last month. Both GSEs also reported that their market-value based interest-rate risk measures continued to increase in May. Below are some selected statistics…

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