BRIEF-Freddie Mac Says Rise In Mortgage Rates So Far This Year Has Not Yet Affected Purchase Demand

BY Reuters | AGENCY | 01/13/22 12:29 PM EST

Jan 13 (Reuters) - Federal Home Loan Mortgage Corp:

* FREDDIE MAC (FMCC) - RISE IN MORTGAGE RATES SO FAR THIS YEAR HAS NOT YET AFFECTED PURCHASE DEMAND

* FREDDIE MAC (FMCC) - GIVEN FAST PACE OF HOME PRICE GROWTH, IT WILL LIKELY DAMPEN PURCHASE DEMAND IN NEAR FUTURE Source text for Eikon: Further company coverage:

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

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