The average long-term U.S. mortgage rate has risen, marking the end of a five-week downward trend. What Happened: The average rate for a 30-year U.S. mortgage increased to 6.72% from 6.67% last week, as reported by ABC News via mortgage buyer Freddie Mac. This increase follows five consecutive weeks of falling borrowing costs for homebuyers.
JPMorgan Asset Management is doubling down on active fixed income with the introduction of its newest product, the JPMorgan Mortgage-Backed Securities ETF (JMTG). The launch follows on the heels of its record-breaking Active High Yield ETF, which debuted with a record $2 billion in initial assets, the biggest active ETF launch to date.
Fannie Mae and Freddie Mac might finally be headed for an exit from government conservatorship, almost 17 years after being taken over by the federal government in the 2008 financial crisis.
Billionaire hedge fund manager Bill Ackman is once again highlighting what he sees as one of the Federal Government?s most overlooked assets, its stake in mortgage finance giants, the Federal National Mortgage Association (FNMA) or Fannie Mae, and the Federal Home Loan Mortgage Corporation (FMCC), or Freddie Mac.
Federal National Mortgage Association (FNMA), aka Fannie Mae, shares were trading up 2.09% to $10.77 Wednesday afternoon following an announcement and a statement from President Donald Trump. What to Know: Shares gained Wednesday after Trump said he was working on taking the housing giants public, while clarifying that the U.S. Government would retain its implicit guarantees.
Shares of Fannie Mae Inc. and Freddie Mac Inc. are trading higher Thursday after President Donald Trump said he is seriously considering taking the mortgage giants public. What To Know: In a Truth Social post, Trump called the government-sponsored enterprises "very profitable" and said the timing "seems right" to privatize them.
Mortgage rates are rising again ? and that?s bad news for homebuyers and refinancers. With the most recent figures indicating a big decline in mortgage applications, the conditions are ready for MBS ETFs to pick up steam as yields increase and prepayment risks get diminished. MBS ETFs are invested in mortgage-backed securities, which are home loan-backed debt securities.
Mortgage rates have experienced a notable decline as the spring home-buying season begins, according to the latest data from Freddie Mac. What To Know: The 30-year fixed-rate mortgage dropped to 6.63% as of Tuesday, down from 6.76% the previous week, marking the largest weekly decrease since mid-September 2024.
In the week ended Feb. 21, U.S. mortgage rates declined to their lowest levels this year, Bloomberg reported, presenting potential opportunities for investors in mortgage-backed securities ETFs.
Homebuyers received some good news this week: Mortgage rates declined for a fifth week to their lowest level since last year and the median U.S. home-sale price rose by the smallest increase since last September. What To Know: According to Freddie Mac, the average rate for 30-year loans was 6.85%, down from 6.87% last week, reaching the lowest level since December 2024.
Shares of Fannie Mae and Freddie Mac fell Monday after Keefe, Bruyette & Woods analysts downgraded the stocks to Underperform. What To Know: The Keefe, Bruyette & Woods analysts, led by Tommy McJoynt, said that though the odds of a privatization attempt have grown lately, they see "considerable risk" to the stocks at their current levels.
President-elect Donald Trump?announced plans Thursday to nominate private equity CEO Bill Pulte as director of the Federal Housing Finance Agency. What To Know: If Trump?s selection is confirmed, Pulte will become the top housing regulator, overseeing mortgage giants Fannie Mae and Freddie Mac , which have been in conservatorship since the 2008 financial crisis.
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.
Log In Required
Publication Date