The FHFA's measure of home prices rose by 0.1% in March after a revised 0.1% decrease in the previous month, as expected in a survey compiled by Bloomberg as of 7:30 am ET. Prices were up 1.7% from a year earlier in March. For Q1 as a whole, home prices rose by 0.5% from the previous quarter and were up 1.7% compared with the same quarter a year earlier.
The FHFA's measure of home prices held steady in February after an upwardly revised 0.2% increase in the previous month, below the 0.1% gain expected in a survey compiled by Bloomberg as of 7:30 am ET. Prices were up 1.7% from a year earlier in February.
CFRA, an independent research provider, has provided MT Newswires with the following research alert. FICO's stranglehold on mortgage credit scoring officially ended as FHFA Director Bill Pulte announced that "effective immediately," Fannie Mae and Freddie Mac would accept VantageScore, FICO's main competitor, credit models. MT Newswires does not provide investment advice.
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.
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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