- 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.
- 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.
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.
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:
Federal National Mortgage Association (FNMA) : * FANNIE MAE PRICES $609 MILLION CONNECTICUT AVENUE SECURITIES REMIC DEAL Source text for Eikon: Further company coverage:
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.
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.
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.
Federal National Mortgage Association (FNMA) : * FANNIE MAE PRICED $503 MILLION MULTIFAMILY DUS REMIC UNDER ITS GEMS PROGRAM Source text for Eikon: Further company coverage:
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.
The U.S. regulator charged with overseeing the Federal Home Loan Bank system said in a report on Tuesday the system is overdue for an update in terms of its structure and operation.
-U.S. annual home price growth accelerated for a third straight month in August, underscoring the recovery of the housing market after a period of softening, data showed on Tuesday. Home prices rose 5.6% on a year-over-year basis in August, up from a 4.6% increase in the prior month, the Federal Housing Finance Agency said.
Federal Home Loan Mortgage Corp (FMCC) : * FREDDIE MAC PRICES APPROXIMATELY $309.9 MILLION SLST SECURITIZATION Source text for Eikon: Further company coverage:
Sonida Senior Living Inc (SNDA): * Sonida Senior Living Inc (SNDA) - ENTERED INTO LOAN MODIFICATION AGREEMENTS WITH FANNIE MAE ON OCTOBER 2. * SONIDA SENIOR LIVING (SNDA): REQUIRED TO MAKE SECOND PRINCIPAL PAYMENT OF $5 MILLION DUE ON JUNE 1, 2024, 1 YEAR ANNIVERSARY OF FANNIE FORBEARANCE EFFECTIVE DATE.
Federal National Mortgage Association (FNMA) : * FANNIE MAE ANNOUNCES SALE OF NON-PERFORMING LOANS. * FANNIE MAE: ONE LARGE POOL INCLUDES APPROXIMATELY 1,555 LOANS TOTALING $217.5 MILLION IN UNPAID PRINCIPAL BALANCE. * FANNIE MAE: CIP INCLUDES APPROXIMATELY 60 LOANS TOTALING $18.6 MILLION IN UPB.
FREDDIE MAC: * FREDDIE MAC- TOTAL MORTGAGE PORTFOLIO INCREASED AT AN ANNUALIZED RATE OF 3.7% IN AUGUST 2023. * FREDDIE MAC- SINGLE-FAMILY REFINANCE-LOAN PURCHASE AND GUARANTEE VOLUME WAS $3.1 BILLION IN AUGUST 2023. * FREDDIE MAC- SINGLE-FAMILY DELINQUENCY RATE DECREASED FROM 0.56% IN JULY TO 0.55% IN AUGUST 2023.
Federal National Mortgage
Association (FNMA): * FANNIE MAE: EXECUTES EIGHTH CREDIT INSURANCE RISK TRANSFER TRANSACTION OF 2023 ON $8.4 BILLION OF SINGLE-FAMILY LOANS. * FANNIE MAE: CIRT 2023-8 TRANSFERRED $344.3 MILLION OF MORTGAGE CREDIT RISK TO PRIVATE INSURERS AND REINSURERS.
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.