News Results

  1. Home Price Growth Expected to Moderate as Listings Outpace Sales
    PR Newswire | 08:30 AM EDT

    Forecast of New Home Sales Downgraded, Existing Home Sales Upgraded WASHINGTON, July 23, 2024 Home price growth in the second quarter was stronger than previously anticipated but will likely moderate soon, closing 2024 and 2025 at annual rates of 6.1 percent and 3.0 percent, respectively, according to the July 2024 commentary from the Fannie Mae Economic and Strategic Research Group.

  2. Greystone Provides $15.5 Million in Fannie Mae DUS? Financing for?Multifamily Property in Albany, Georgia
    GlobeNewswire | 07/22/24 01:59 PM EDT

    Greystone, a leading national commercial real estate finance company, has provided a $15,486,000 Fannie Mae Delegated Underwriting & Servicing loan to refinance a 252-unit multifamily property in Albany, Georgia. Constructed in 1987, 509 North Apartments in Dougherty County is a garden-style apartment community with 14 buildings featuring one- and two-bedroom units.

  3. FHLBank Chicago Announces Q2 2024 Financial Highlights
    Business Wire | 07/22/24 11:50 AM EDT

    Increases commitment to over $180 million for affordable housing and community development for 2024 The Federal Home Loan Bank of Chicago today announced its preliminary and unaudited financial results for the second quarter of 2024.

  4. KBRA Assigns Preliminary Ratings to FREMF 2024-K756 and Freddie Mac Structured Pass-Through Certificate Series K-756
    Business Wire | 07/22/24 11:14 AM EDT

    KBRA is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2024-K756 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates, Series K-756. The underlying transaction is collateralized by 30 fixed-rate multifamily mortgage loans.

  5. Fannie Mae Prices Fourth Multifamily Connecticut Avenue Securities Deal
    PR Newswire | 07/22/24 11:00 AM EDT

    $250 Million Transaction Complements Fannie Mae's Multifamily Credit Insurance Risk Transfer and Delegated Underwriting and Servicing Loss-Sharing Programs WASHINGTON, July 22, 2024 /PRNewswire/ -- Fannie Mae priced its fourth Multifamily Connecticut Avenue Securities?? transaction, MCAS Series 2024-01, a $250 million note offering.

  6. FEDERAL HOME LOAN BANK OF BOSTON ANNOUNCES 2024 SECOND QUARTER RESULTS, DECLARES DIVIDEND
    PR Newswire | 07/19/24 01:22 PM EDT

    BOSTON, July 19, 2024 The Federal Home Loan Bank of Boston announced its preliminary, unaudited second quarter results for 2024, reporting net income of $70.2 million for the quarter. The Bank's board of directors has declared a dividend equal to an annual yield of 8.41%, the daily average of the Secured Overnight Financing Rate for the second quarter of 2024 plus 300 basis points.

  7. Update ? Federal Home Loan Bank of Indianapolis announces return of popular HomeBoost Down Payment Assistance Program with $5 million allocation
    GlobeNewswire | 07/19/24 10:28 AM EDT

    After exhausting $2.5 million in just two months in 2023, the Federal Home Loan Bank of Indianapolis is relaunching the HomeBoost Down Payment Assistance Program with double the allocation this year ? $5 million to help with down payment, closing and counseling costs for minority and first-generation first-time homebuyers.

  8. Key U.S. mortgage rate drops to lowest since March, Freddie Mac says
    Reuters | 07/18/24 03:31 PM EDT

    The average interest rate on the popular U.S. 30-year fixed-rate mortgage fell to its lowest level since mid-March this week, a welcome development for a housing market struggling to find its footing and one that may continue if the Federal Reserve cuts rates as expected in the months ahead.

  9. Key U.S. mortgage rate drops to lowest since March, Freddie Mac says
    Reuters | 07/18/24 03:27 PM EDT

    The average interest rate on the popular U.S. 30-year fixed-rate mortgage fell to its lowest level since mid-March this week, a welcome development for a housing market struggling to find its footing and one that may continue if the Federal Reserve cuts rates as expected in the months ahead.

  10. FHLBank announces return of popular HomeBoost Down Payment Assistance Program with $5 million allocation
    GlobeNewswire | 07/18/24 02:54 PM EDT

    After exhausting $2.5 million in just two months in 2023, the Federal Home Loan Bank of Indianapolis is relaunching the HomeBoost Down Payment Assistance Program with double the allocation this year ? $5 million to help with down payment, closing and counseling costs for minority and first-generation first-time homebuyers.

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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