Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.49 percent. ?Mortgage rates continued to drop this week as optimism grows around the prospect that the Federal Reserve will slow its pace of rate hikes,? said Sam Khater, Freddie Mac?s Chief Economist.
Newtek Business Services Corp. (NEWT) today announced that it has received conditional approval from Office of the Comptroller of the Currency to complete its acquisition of the National Bank of New York City.
The Federal Home Loan Bank of Indianapolis Board of Directors has elected Karen F. Gregerson as Chair of the Board and Robert M. Fisher as Vice Chair of the Board, each for a two-year term beginning Jan. 1, 2023, and ending Dec. 31, 2024. Since 2016, Karen Gregerson has been President and CEO of The Farmers Bank in Frankfort, Ind.
Greystone, a leading national commercial real estate finance company, has provided an $11,916,000 Fannie Mae Multifamily Affordable Housing loan for the acquisition of a senior living community in Tavares, Florida. Constructed in 2006, Lake Point Senior Apartments in Lake County is a 160-unit, LIHTC, age-restricted, 3-story elevatored apartment complex.
StoneCo Ltd. (STNE) announced today that the Brazilian Central Bank has approved the technical requirement of change of control submitted by the Company amid a corporate restructuring involving its Founders, as announced by the Company on June 1, 2022.
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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