News Results

  1. US mortgage rates fall to nearly 4-month low - Freddie Mac
    Reuters | 12/07/23 12:12 PM EST

    - Interest rates on the most common type of U.S. home loan fell for a sixth straight week to the lowest in almost four months on the back of a bond market rally that has driven down yields on the securities used to set mortgage costs, data out Thursday showed.

  2. US annual home price growth at 6.1% in September, FHFA says
    Reuters | 11/28/23 09:02 AM EST

    - U.S. annual home price growth accelerated again in September, underscoring the rebound of the housing market as it entered the final quarter of the year, data showed on Tuesday. Home prices rose 6.1% on a year-over-year basis in September, up from an upwardly revised 5.8% increase in the prior month, the Federal Housing Finance Agency said.

  3. US annual home price growth at 6.1% in September, FHFA says
    Reuters | 11/28/23 09:00 AM EST

    U.S. annual home price growth accelerated again in September, underscoring the rebound of the housing market as it entered the final quarter of the year, data showed on Tuesday. Home prices rose 6.1% on a year-over-year basis in September, up from an upwardly revised 5.8% increase in the prior month, the Federal Housing Finance Agency said.

  4. BRIEF-Fannie Mae Executes Its Final Credit Insurance Risk Transfer Transaction Of 2023 On $11.5 Billion Of Single-Family Loans
    Reuters | 11/20/23 01:41 PM EST

    Federal National Mortgage Association (FNMA): * FANNIE MAE EXECUTES ITS FINAL CREDIT INSURANCE RISK TRANSFER TRANSACTION OF 2023 ON $11.5 BILLION OF SINGLE-FAMILY LOANS Source text for Eikon: Further company coverage:

  5. BRIEF-Fannie Mae Prices $609 Million Connecticut Avenue Securities (CAS) REMIC Deal
    Reuters | 11/17/23 11:37 AM EST

    Federal National Mortgage Association (FNMA) : * FANNIE MAE PRICES $609 MILLION CONNECTICUT AVENUE SECURITIES REMIC DEAL Source text for Eikon: Further company coverage:

  6. Boaz Weinstein bets on agency MBS over corporate bonds
    Reuters | 11/16/23 05:41 PM EST

    Saba Capital Management founder Boaz Weinstein said agency mortgage-backed securities appear more fruitful than corporate bonds at the moment on bets that the U.S. Federal Reserve has reached the end of its rate-hiking cycle.

  7. Mortgage rates fall for a third week - Freddie Mac
    Reuters | 11/16/23 12:11 PM EST

    U.S. mortgage rates fell for the third-straight week this week to the lowest since late September, signaling falling yields in the Treasury market that largely determine home borrowing costs may be boosting housing market affordability. The average rate on 30-year fixed-rate mortgages dipped to 7.44% from 7.50% the week before, according to a Freddie Mac survey released on Thursday.

  8. Mortgage rates fall for a third week - Freddie Mac
    Reuters | 11/16/23 12:00 PM EST

    U.S. mortgage rates fell for the third-straight week this week to the lowest since late September, signaling falling yields in the Treasury market that largely determine home borrowing costs may be boosting housing market affordability. The average rate on 30-year fixed-rate mortgages dipped to 7.44% from 7.50% the week before, according to a Freddie Mac survey released Thursday.

  9. BRIEF-Fannie Mae Priced $503 Million Multifamily Dus Remic (FNA 2023-M8) Under Its Gems Program
    Reuters | 11/14/23 05:27 PM EST

    Federal National Mortgage Association (FNMA) : * FANNIE MAE PRICED $503 MILLION MULTIFAMILY DUS REMIC UNDER ITS GEMS PROGRAM Source text for Eikon: Further company coverage:

  10. US regulator says it plans to overhaul Federal Home Loan Bank system
    Reuters | 11/07/23 01:40 PM EST

    The U.S. regulator charged with overseeing the Federal Home Loan Banks said in a report on Tuesday the system is overdue for an overhaul in its mission and structure. The Federal Housing Finance Agency emphasized in the report that there needs to be a clearer distinction between the purpose of the FHL banks and the Federal Reserve, which is the primary emergency lender for banks.

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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