News Results

  1. Will Mortgage Rates Pop Again? Homebuyers Combat An Affordability Crises
    Benzinga | 04/11/24 01:32 PM EDT

    The recent spike in national mortgage rates stirred concerns among homebuyers and economists alike. Chart Source: Freddie Mac Additionally, other key indicators such as the 15-year fixed mortgage rate, which rose to 6.16%, signaled a broader trend of rate hikes. Also Read: Are You A Housing Market Lock-In?

  2. Mortgage Rates Soar, Cash Buyers Score: The New Homebuying Playbook
    Benzinga | 01/30/24 03:15 PM EST

    Rising mortgage rates in 2023 drove the number of U.S. home loan applications to 28-year lows ? but not all potential buyers were put off by rising costs, as cash sales became increasingly popular. The average 30-year mortgage rate rose to 6.69% in the week to Jan. 25, according to data from mortgage brokerage Freddie Mac.

  3. Consumers Ride Wave Of Optimism As Mortgage Rates Teeter On A Drop: Fannie Mae Survey Reveals A Shimmer Of Hope For The Housing Market
    Benzinga | 01/10/24 11:11 AM EST

    Consumers are optimistic about the prospect of mortgage interest rates continuing to drop, which could pump life into a stagnant housing market, according to a monthly consumer survey by Fannie Mae. In December, a survey high 31% of consumers indicated they expect mortgage rates to go down, while 31% predict they will go up and 36% expect them to remain the same.

  4. 2024 Real Estate Renaissance: Opportunities And Challenges Ahead
    Benzinga | 01/05/24 02:01 PM EST

    U.S. home prices surged to record levels in October as the S&P CoreLogic Case-Shiller home price index rose by 4.8% year over year. As of Dec. 28, the average interest rate for a 30-year fixed-rate mortgage stood at 6.61%, reflecting a decline from the previous week?s 6.67%, according to data from Freddie Mac.

  5. 'Rapid Descent': Mortgage Rates Are Shocking Experts. Is Housing Getting More Affordable?
    Benzinga | 12/29/23 12:48 PM EST

    Mortgage rates are in ?rapid descent? according to mortgage securities broker Freddie Mac, which means homes should become more affordable for Americans who may have been priced out of the housing market when rates hit their peak. The average rate of interest on a 30-year mortgage stood at 6.61% in the week ending Dec. 28, down from 6.67% in the previous week.

  6. Fannie Mae's 2024 Outlook: Housing Market Navigates Challenges With Emerging Resilience
    Benzinga | 12/27/23 08:15 AM EST

    Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, expects the U.S. economy to decelerate next year. They forecast GDP to decline slightly in 2024 by 0.3%, followed by 1.7% growth in 2025. These forecasts were recently included in the outlook presented by The Economic & Strategic Research Group at Fannie Mae.

  7. Fannie Mae Slashes Minimum Down Payment On Owner-Occupied Multiunit Properties To 5%
    Benzinga | 12/22/23 02:00 PM EST

    After a year of being beseeched with bad news, real estate investors got a ray of sunshine from Fannie Mae. The government-backed lender recently announced it will reduce the minimum down payment on owner-occupied multiunit properties. This move has the potential to radically expand access to properties between two and four units for small investors.

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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