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Benzinga
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09/25/24 03:30 PM EDT
Sallie Mae Corporation stock is trading higher on Wednesday. The Details: Sallie Mae currently holds a 58% market share in private student loans, however, the bank indicates there?s room for growth, describing the lender as ?poised for market share gains.
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Benzinga
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09/19/24 06:30 PM EDT
Mortgage rates continue to fall toward 6% as the housing market absorbs the Federal Reserve?s 0.5% rate cut on Wednesday, raising demand for refinancing and buying, stated Freddie Mac. The average rate for a 30-year fixed mortgage fell to 6.09% on Thursday, down from 6.2% a week ago and 7.19% a year earlier, according to Freddie Mac?s Primary Market Mortgage Survey.
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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