News Results

  1. Greystone Provides $20.6 Million in Fannie Mae Financing for Two Idaho Multifamily Properties
    GlobeNewswire | 07/05/22 10:01 AM EDT

    Greystone, a leading national commercial real estate finance company, has provided $20,661,000 in Fannie Mae Delegated Underwriting Services financing for two multifamily properties in Rexburg, Idaho. The 264-unit multifamily portfolio properties are located a half mile apart and serve a student population of BYU-Idaho and residents of Rexburg with a mix of one- and two-bedroom units.

  2. Mortgage Rates Pause from their Ascent
    GlobeNewswire | 06/30/22 10:00 AM EDT

    Freddie Mac today released the results of its Primary Mortgage Market Survey, showing that the 30-year fixed-rate mortgage averaged 5.70 percent. ?The rapid rise in mortgage rates has finally paused, largely due to the countervailing forces of high inflation and the increasing possibility of an economic recession,? said Sam Khater, Freddie Mac?s Chief Economist.

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.