News Results

  1. Greystone Provides $74.3 Million in Fannie Mae Financing for Newark Affordable Housing Multifamily Portfolio
    GlobeNewswire | 06/02/22 10:48 AM EDT

    Greystone, a leading national commercial real estate finance company, has provided a total of $74,300,000 in Fannie Mae Delegated Underwriting Servicing loans to refinance a 574-unit multifamily portfolio of affordable housing in Newark, NJ. The transaction was originated by Hope Curtis, Director at Greystone.

  2. Mortgage Rates Stay Relatively Flat
    GlobeNewswire | 06/02/22 10:00 AM EDT

    Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing that the 30-year fixed-rate mortgage averaged 5.09 percent. ?Mortgage rates continued to inch downward this week but are still significantly higher than last year, affecting affordability and purchase demand,? said Sam Khater, Freddie Mac?s Chief Economist.

  3. FHLBank Atlanta Announces Commencement of 2022 AHP General Fund Round Up to $750,000 per Affordable Housing Project
    GlobeNewswire | 06/01/22 01:29 PM EDT

    Federal Home Loan Bank of Atlanta announced today that it is now accepting applications for its 2022 Affordable Housing Program General Fund round. FHLBank Atlanta members work with for-profit and nonprofit developers to apply for funding through the program.

  4. New Multifamily VPs will Focus on Mission, Risk
    GlobeNewswire | 05/27/22 12:03 PM EDT

    Freddie Mac Multifamily today announced that it has named two new vice presidents that will better help the company serve its mission and manage its risks.

  5. Freddie Mac Announces Automation of Key Underwriting Criteria
    GlobeNewswire | 05/26/22 11:55 AM EDT

    Freddie Mac??has unveiled new automated underwriting capabilities that allow lenders to verify assets, income and employment using borrower-approved bank account data. ?This industry-first innovation supports our mission of making sustainable homeownership more affordable and accessible,? said Andy Higginbotham, Freddie Mac Single-Family Chief Operating Officer.

  6. Mortgage Rates Continue to Decrease
    GlobeNewswire | 05/26/22 10:00 AM EDT

    Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing that the 30-year fixed-rate mortgage averaged 5.10 percent. ?Mortgage rates decreased for the second week in a row due to multiple headwinds that the economy is facing,? said Sam Khater, Freddie Mac?s Chief Economist.

  7. Freddie Mac Issues Monthly Volume Summary for April 2022
    GlobeNewswire | 05/25/22 04:35 PM EDT

    ?Freddie Mac today posted to its website its Monthly Volume Summary for April 2022, which provides information on Freddie Mac?s mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities, and other investments. Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders.

  8. Freddie Mac Prices Approximately $385 Million SLST Securitization
    GlobeNewswire | 05/23/22 03:10 PM EDT

    Freddie Mac announced today the pricing of the first Seasoned Loans Structured Transaction Trust offering of 2022 -- a securitization of approximately $385 million including both guaranteed senior and non-guaranteed subordinate securities backed by a pool of seasoned residential mortgage loans.

  9. Federal Home Loan Bank of Atlanta Announces New Member of its Affordable Housing Advisory Council
    GlobeNewswire | 05/23/22 01:54 PM EDT

    Federal Home Loan Bank of Atlanta announced today that it has appointed one new member to its Affordable Housing Advisory Council. New Member: Mark Kaufman is president and chief executive officer of Neighborhood Impact Investment Fund, a Community Development Financial Institution based in Baltimore.

  10. Mortgage rates increase, inventory decreases in April
    GlobeNewswire | 05/19/22 12:00 PM EDT

    Mortgage rates in April averaged their highest level since 2010, while inventory of houses continued to decrease across the Empire State,?according to the housing report released today by the New York State Association of REALTORS?.? According to Freddie Mac, the monthly average on a 30-year fixed-rate mortgage rose from 4.17 percent in March 2022 to 4.95 percent in April 2022.

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.