Michael Burry, the hedge fund manager made famous by “The Big Short,” has built a reputation for spotting asymmetric, misunderstood bets. Now that same contrarian lens is focused on government‑sponsored mortgage giants, with Burry stating that he owns both Freddie Mac (FMCC) and Fannie Mae (FNMA). He believes a relisting of their stocks could be coming sooner than many expect.
This renewed interest arrives as the mortgage backdrop quietly improves. Freddie Mac’s latest Primary Mortgage Market Survey shows the 15‑year fixed rate eased to 5.44% from 5.51%. That's also lower than last year's 5.96%, giving the housing market a modest but meaningful rate tailwind.
