News Results

  1. Mortgage Rates Drop for the Fifth Consecutive Week
    GlobeNewswire | 11/30/23 12:00 PM EST

    Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 7.22 percent. ?Market sentiment has significantly shifted over the last month, leading to a continued decline in mortgage rates,? said Sam Khater, Freddie Mac?s Chief Economist.

  2. AI-powered computer vision technology offers lenders, appraisers image validation solution designed for GSE-compliance
    GlobeNewswire | 11/29/23 10:30 AM EST

    National banks and mortgage lenders are scrambling to incorporate image recognition into their appraisal review process, as the leading Government Sponsored Enterprise announced it will use "image recognition" to detect incorrect quality and condition ratings. GSEs require appraisal reports to include interior and exterior photos of subject properties.

  3. goeasy Ltd. Closes US$550 Million Offering of Senior Unsecured Notes
    GlobeNewswire | 11/28/23 04:02 PM EST

    goeasy Ltd., one of Canada?s leading non-prime consumer lenders, is pleased to announce that it closed its previously announced offering of US$550 million aggregate principal amount of senior unsecured notes due 2028.

  4. Griffin Global Asset Management Announces Closing of $400 Million Senior Unsecured Notes Offering
    GlobeNewswire | 11/28/23 01:30 PM EST

    Griffin Global Asset Management announces the successful closing by GGAM Finance Ltd. of an offering of an aggregate principal amount of $400 million senior unsecured notes. The offering comprises $400 million of 8% senior unsecured notes due 2027. John Beekman, Griffin CFO, commented: ?We are very pleased to announce the closing of our latest $400 million unsecured notes offering.

  5. Mattermost Joins World Economic Forum Global Innovators Community
    GlobeNewswire | 11/28/23 07:00 AM EST

    Mattermost Inc., the leading self-sovereign collaboration platform for mission-critical work, today announced that it has joined the World Economic Forum Global Innovator Community. Mattermost provides government, defense, and enterprise organizations a secure, self-sovereign platform to power collaboration for their most vital and sensitive operations.

  6. Brookfield Corporation Announces Pricing of $700 Million Notes Offering
    GlobeNewswire | 11/27/23 05:22 PM EST

    Brookfield Corporation (BN) today announced the pricing of a public offering of $700 million principal amount of senior notes due 2034, which will bear interest at a rate of 6.350% per annum.

  7. Brookfield Corporation Announces Credit Rating Upgrade to ?A?
    GlobeNewswire | 11/22/23 12:55 PM EST

    Brookfield Corporation (BN) today announced that it has received an upgrade to its senior unsecured debt rating from DBRS to ?A? from A. The upgrade reflects the continued growth in the earnings and cashflows of the business, underpinned by a conservatively capitalized balance sheet.

  8. Mortgage Rates Continue to Slide Down
    GlobeNewswire | 11/22/23 12:00 PM EST

    Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 7.29 percent. ?Mortgage rates continued to decrease heading into the Thanksgiving holiday,? said Sam Khater, Freddie Mac?s Chief Economist.

  9. 1 in 5 Consumers to Spend More this Holiday Season, Driven by Payment Technology
    GlobeNewswire | 11/22/23 09:05 AM EST

    Economic pressures have driven many in the U.S. to think twice about how much they?re spending this holiday season, however consumers are generally more optimistic this year, with one in five planning to spend more, thanks to the convenience and flexibility of newer payment methods like Tap-to-Pay, digital wallets, P2P applications, 1-click accounts, QR codes, and buy now, pay later.

  10. Freddie Mac Issues Monthly Volume Summary for October 2023
    GlobeNewswire | 11/21/23 04:39 PM EST

    Freddie Mac today posted to its website its Monthly Volume Summary for October 2023, which provides information on Freddie Mac?s mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities and other investments. Freddie Mac?s mission is to make home possible for families across the nation.

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.