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  1. Mortgage Stocks Tick Up As Freddie Mac Is Allowed To Buy Second Mortgages
    Benzinga | 06/24/24 07:06 PM EDT

    Shares of U.S.-listed mortgage lenders have risen on the heels of U.S. regulators allowing the Federal Home Loan Mortgage Corp (FMCC), aka Freddie Mac, to buy second mortgages, a move that could lower the cost of borrowing against home equity. The Federal Housing Finance Authority said Freddie Mac could buy up to $2.5 billion of second mortgages over an 18-month trial period, Bloomberg reported.

  2. US Needs 1.5 Million More Homes To Tame Record Prices
    Benzinga | 06/24/24 03:01 PM EDT

    What is the key to bringing home sale volume up and home prices down? The Data: Freddie Mac?s May macroeconomic report examined key trends in the housing and mortgage market. While 2024?s higher-for-longer interest rate environment remains the most obvious obstacle to lowering home prices, the report emphasized supply as a means to restore the market to balance.

  3. Mortgage Rates Fall For Third Straight Week With Signs Of Lower Inflation, Fed Rates
    Benzinga | 06/20/24 04:12 PM EDT

    Mortgage rates have declined for the third consecutive week following signs of cooling inflation and lower interest rates from the Federal Reserve, according to Freddie Mac . The 30-year fixed mortgage rate averaged 6.87% as of Thursday, down from last week?s average of 6.95%. A year ago, the rate registered an average of 6.67%, Freddie Mac?s Primary Mortgage Survey showed.

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.