Home / Business and Economy / Fannie Mae Completes $2 Billion Tender Offer for CAS Notes
Fannie Mae Completes $2 Billion Tender Offer for CAS Notes
6 Oct
Summary
- Fannie Mae completes $2 billion tender offer for certain CAS Notes
- Company's stock has surged over 276% year-to-date in 2025
- Fannie Mae forecasts mortgage rates to drop to 5.9% by end of 2026
Fannie Mae, the $71.1 billion mortgage finance company, has announced the completion of its fixed-price cash tender offers for certain Connecticut Avenue Securities (CAS) Notes. The company successfully tendered $2 billion in original principal amount across ten different CAS Notes series.
The response rate to the offers varied significantly, with some classes seeing 100% tender rates while others had minimal participation. Fannie Mae's ongoing portfolio management activities have included these tender offers, which were conducted in late September 2025.
In other recent news, Fannie Mae has forecasted mortgage rates to dip to 6.4% by the end of 2025 and further decrease to 5.9% by the end of 2026. This forecast also projects an increase in combined home sales and single-family mortgage originations over the next two years. Fannie Mae's stock has been notably volatile this year, surging over 276% year-to-date.
