Both Fannie Mae and Freddie Mac closed at $1.08 per share on Wednesday, continuing a spectacular run-up in recent days. Until March 14, Fannie Mae had been closing consistently in the area of $0.29-$0.30 per share.

But on Wednesday, its price improved over 50% from Tuesday’s close and 110 million shares traded. The last time Fannie Mae’s stock even reached $1 per share was May 28, 2010.

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