News Results

  1. Mortgage Rates Continue to Inch Up
    GlobeNewswire | 07/21/22 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 5.54 percent. ?The housing market remains sluggish as mortgage rates inch up for a second consecutive week,? said Sam Khater, Freddie Mac?s Chief Economist.

  2. Freddie Mac: Market Slowdown will Continue as High Rates and Prices Exacerbate Affordability Challenges
    GlobeNewswire | 07/20/22 03:30 PM EDT

    According to Freddie Mac, rising mortgage rates and house price appreciation will continue driving a slowdown in the single-family purchase market. ?The Federal Reserve?s action to help manage inflation has created significant volatility in mortgage rates and, by extension, the housing market,? said Sam Khater, Freddie Mac?s Chief Economist.

  3. Existing-Home Sales Slid 5.4% in June
    GlobeNewswire | 07/20/22 10:00 AM EDT

    Key Highlights WASHINGTON ? Existing-home sales dropped for the fifth straight month in June, according to the National Association of Realtors?. Three out of four major U.S. regions experienced month-over-month sales declines and one region held steady.

  4. Teresa Bryce Bazemore Named One of Savoy Magazine?s 2022 Most Influential Black Executives in Corporate America
    GlobeNewswire | 07/18/22 03:57 PM EDT

    Federal Home Loan Bank of San Francisco president and CEO Teresa Bryce Bazemore has been named one of Savoy magazine?s 2022 Most Influential Black Executives in Corporate America. The honorees will be recognized at a reception Tuesday evening at the Martin Luther King Jr. Memorial Library in Washington, D.C., and will be profiled in the summer issue of Savoy magazine.

  5. Used EV Interest Surging for the First Time as More Americans Go Electric
    GlobeNewswire | 07/18/22 11:00 AM EDT

    Recurrent, the car industry?s leading analyst of electric vehicle battery health, today released its Q3 2022 Used Electric Car Market Report, revealing that price increases for used EVs are now beating the consumer price index for all cars in the U.S. The lack of new and used EV supply leads consumers to either add their name to long pre-order wait lists or pay more for used cars today.

  6. Annual Foreign Investment in U.S. Existing-Home Sales Climbed 8.5% to $59 Billion, Ending Three-Year Slide
    GlobeNewswire | 07/18/22 10:00 AM EDT

    Key Highlights Foreign buyers purchased $59 billion worth of U.S. existing homes from April 2021 through March 2022, an 8.5% increase from the previous 12-month period and stopping a three-year skid in foreign investment in U.S. residential real estate, according to a new report from the National Association of Realtors?. Foreign buyers purchased 98,600 properties, down 7.9% from the prior year...

  7. Sky's the Limit for High Growth Fintech as It Signs Travel Industry Client
    GlobeNewswire | 07/18/22 09:00 AM EDT

    London-based payments and FX fintech?Freemarket has been appointed by Alternative Airlines, a fast growth UK-based?flight search and booking site, to provide multi-currency foreign exchange services. ?. The appointment means Alternative Airlines will now be able to expand its footprint and trade in the currencies of Middle Eastern countries including Saudi Arabia, UAE, Bahrain and Kuwait.

  8. Legion Capital Announces Preferred Stock Offering Expansion to $30 Million
    GlobeNewswire | 07/18/22 08:01 AM EDT

    Legion Capital Corporation (LGCP), a fintech-enabled private equity lender serving small to medium sized businesses and real estate developers, today announced the re-qualification of their $75 million Reg A+ offering.

  9. Capital Product Partners L.P. Announces Offering of Senior Unsecured Bonds on the Athens Exchange
    GlobeNewswire | 07/14/22 04:05 PM EDT

    Capital Product Partners L.P. (CPLP), an international owner of ocean-going vessels, today announced that its wholly owned subsidiary, CPLP Shipping Holdings PLC, plans to offer in Greece up to ?100 million of unsecured bonds which will be admitted to trading in the category of fixed income securities of the Regulated Market of the Athens Exchange.

  10. CoBank Quarterly: Economic Clouds Gather as Fears of Higher Rates and Weakening Conditions Linger
    GlobeNewswire | 07/14/22 01:24 PM EDT

    Effects from the pandemic and Ukraine war continue to reverberate through the global economy. The Federal Reserve is poised to raise rates until it believes inflation has been tamed. After more than two years, Covid-related supply chain complications are finally easing and various metrics indicate improvements to supply chain performance both domestically and globally.

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.