Walker & Dunlop (WD) said late Wednesday it has arranged $1.72 billion in financing to refinance nearly 13,000 workforce and affordable housing units across 52 properties in 10 US states for Starwood Capital Group. The loans were originated through Freddie Mac and support assets owned by Starwood Real Estate Income Trust, which acquired the portfolio in 2021, the company said.
Brookdale Senior Living (BKD) said Thursday that it has completed a refinancing transaction through KeyBank's real estate business via its Freddie Mac loan origination program, extending part of its 2027 debt maturities to 2033.
The FHFA's measure of home prices rose by 0.1% in January after an upwardly revised 0.3% increase in the previous month, as expected in a survey compiled by Bloomberg as of 7:40 am ET. There were gains in six districts from December, led by a 1.7% jump in the East South Central region, which were partially offset by declines in the other three regions.
US housing costs and mortgage rates are on the up amid the uncertainty and inflation concerns caused by the ongoing Middle East conflict, sending some prospective homebuyers to the sidelines, Redfin said Thursday. The weekly average 30-year fixed mortgage rate hit a three-month high of 6.22% in the week through March 19, the online real estate brokerage said, citing Freddie Mac data.
Zions Bancorporation agreed to buy the agency lending business of Basis Multifamily Finance I, a subsidiary of Basis Investment Group. The deal includes the unit's team, access to Fannie Mae and Freddie Mac lending programs, and all associated mortgage-servicing rights, Zions said Monday in a statement. Financial terms weren't disclosed.
Federal National Mortgage Association (FNMA) has an average rating of overweight and mean price target of $12.90, according to analysts polled by FactSet. MT Newswires does not provide investment advice.
The FHFA's measure of home prices rose by 0.1% in December after an upwardly revised 0.7% increase in the previous month, below a 0.3% gain expected in a survey compiled by Bloomberg. Prices rose in six of the nine regions, were down in two and unchanged in one region. Overall prices were up 1.8% from a year earlier in December.
Federal National Mortgage Association (FNMA) has an average rating of overweight and mean price target of $14.30, according to analysts polled by FactSet. Price: 8.17, Change: -0.14, Percent Change: -1.68. MT Newswires does not provide investment advice.
The FHFA's measure of home prices rose by 0.6% in November after an unrevised 0.4% increase in the previous month, above the 0.3% gain expected in a survey compiled by Bloomberg. Prices rose in eight of the nine regions of the country, with no change in the Middle Atlantic region. Prices were up 1.9% from a year earlier in November.
The average rate on 30-year fixed home loans this week dropped to the lowest of the year, Freddie Mac said Wednesday. The closely watched housing market benchmark averaged 6.15% as of Wednesday, compared with 6.18% last week and 6.91% a year earlier.
The FHFA's measure of home prices rose by 0.4% in October after a revised 0.1% decrease in the previous month, well above a 0.1% gain expected in a survey compiled by Bloomberg. Prices were up 1.7% from a year earlier in October. Home prices rose in October in seven of the nine US regions, led by a 1% increase in the West South Central region.
Affordability in the US housing market is expected to improve next year amid lower mortgage rates and muted price growth, News Corp's Realtor.com said in a report on Wednesday. The 30-year fixed mortgage rate in the US was 6.19% as of Dec. 4, compared with 7.04% in mid-January, Freddie Mac data showed.
The FHFA's measure of home prices held steady in September after an unrevised 0.4% increase in the previous month, below a 0.2% gain expected in a survey compiled by Bloomberg. Prices were up 1.7% from a year earlier in September. For the third quarter as a whole, home prices were up 0.2% from Q2 and up 2.2% from Q3 2024, slower than a 3.1% four-quarter gain in the previous quarter.
KKR entered a multi-year private credit partnership with Sallie Mae, Sallie Mae said Wednesday. Under the partnership, KKR-managed credit funds and accounts will acquire an initial seed portfolio of Sallie Mae's private education loans and at least $2 billion in newly originated loans annually for an initial three-year term through KKR's asset-based finance strategy, Sallie Mae said.
Walker & Dunlop (WD) said Monday it arranged $625.3 million in fixed-rate Freddie Mac loans to refinance eight multifamily properties for IMT Capital. The financing replaces existing loans on eight garden-style communities totaling 3,096 units in San Diego, Los Angeles, San Francisco, Denver, Atlanta and Nashville, the company said.
The FHFA's measure of home prices rose by 0.4% in August after a revised flat reading in the previous month, above the 0.1% decrease expected in a survey compiled by Bloomberg as of 7:45 am ET. Prices were up 2.3% from a year earlier in August. Sale prices were up in seven of the nine regions from the previous month, led by a 1.2% increase in the Middle Atlantic region.
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