Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners, today provided its Fourth Quarter 2024 High Yield and Bank Loan Outlook.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.32 percent. ?Following the release of a stronger-than-expected September jobs report, the 30-year fixed rate mortgage saw the largest one-week increase since April,? said Sam Khater, Freddie Mac?s Chief Economist.
Federal Home Loan Bank of Atlanta is supporting recovery and relief efforts for those affected by Hurricane Helene, donating $250,000 to the American Red Cross and making up to $2 million available through its Community Rebuild and Restore Product to assist with the rehabilitation of homes damaged by the storm.
Greystone, a leading national commercial real estate finance company, announced it has provided a Freddie Mac loan to refinance a 357-unit multifamily property located in Schaumburg, IL. The financing was originated by Eric Rosenstock and Dan Sacks, both Senior Managing Directors at Greystone, on behalf of Bayshore Properties.
Schneider Electric, the leader in the digital transformation of energy management and automation, today announced the World Economic Forum has recognized two of its factories as new Lighthouses.
Freddie Mac today announced that it has commenced a fixed-price cash tender offer for the purchase of any and all of the STACR? Notes listed in the table below beginning Monday, October 7, 2024. Freddie Mac has engaged Wells Fargo Securities, LLC and StoneX Financial Inc. as lead dealer managers and CastleOak Securities, L.P. as co-dealer manager for the Offer.
Despite the recent interest rate cut by the Federal Reserve, consumers should not expect any significant impact on their credit card debt. ?Typically, consumers feel the impact of Fed rate changes when they take out new debt," said Kate Bulger, Vice President of Business Development at MMI.
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.
Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
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