News Results

  1. Hot Economy, Inflation Likely to Keep Rates 'Higher for Longer'
    PR Newswire | 04/23/24 08:30 AM EDT

    Rise in New Home Listings Projected to Boost Sales Despite Recent Run-up in Mortgage Rates WASHINGTON, April 23, 2024 Stronger-than-expected economic and inflation data have pushed interest rates higher and financial markets to price in fewer Federal Reserve rate cuts this year, according to the April 2024 commentary from the Fannie Mae Economic and Strategic Research Group.

  2. Sallie Mae Declares Dividends on Preferred Stock Series B and Common Stock
    Business Wire | 04/22/24 04:30 PM EDT

    Sallie Mae?, formally SLM Corporation (SLM), today announced a 2024 second-quarter dividend on its Preferred Stock Series B of $1.9038003 per share. Both preferred stock and common stock dividends will be paid on June 17, 2024, to the respective stockholders of record at the close of business on June 6, 2024.

  3. FHLBank Chicago Announces Q1 2024 Financial Highlights
    Business Wire | 04/22/24 12:25 PM EDT

    Commits over $110 million to affordable housing and community development for 2024 The Federal Home Loan Bank of Chicago today announced its preliminary and unaudited financial results for the first quarter of 2024.

  4. Fannie Mae Announces Tender Offer for Any and All of Certain CAS Notes
    PR Newswire | 04/22/24 09:00 AM EDT

    WASHINGTON, April 22, 2024 Fannie Mae today announced that it has commenced fixed-price cash tender offers for the purchase of any and all of the Connecticut Avenue Securities? Notes listed below, upon the terms and subject to the conditions set forth in the Offer to Purchase and related Notice of Guaranteed Delivery, each dated as of April 22, 2024.

    PR Newswire | 04/19/24 01:10 PM EDT

    BOSTON, April 19, 2024 The Federal Home Loan Bank of Boston announced its preliminary, unaudited first quarter financial results for 2024, reporting net income of $77.8 million for the quarter. The Bank's board of directors has declared a dividend equal to an annual yield of 8.40%, the daily average of the Secured Overnight Financing Rate for the first quarter of 2024 plus 300 basis points.

  6. Mortgage rates top 7% for the first time this year, Freddie Mac says
    Reuters | 04/18/24 12:28 PM EDT

    U.S. mortgage rates increased by the most since June and also crossed the 7% threshold for the first time since December, muddling home sales growth, a Thursday report said. The average rate on a 30-year fixed-rate mortgage rose to 7.10% for the week ended April 18 from 6.88% the week prior, Freddie Mac reported.

  7. BRIEF-Fannie Mae Priced $509.1 Million Multifamily Dus Remic (Fna 2024-M4) Under Its Gems Program
    Reuters | 04/18/24 12:05 PM EDT

    Federal National Mortgage Association (FNMA): * FANNIE MAE PRICED $509.1 MILLION MULTIFAMILY DUS REMIC UNDER ITS GEMS PROGRAM Source text for Eikon: Further company coverage:

  8. Mortgage Rates Exceed 7 Percent for the First Time this Year
    GlobeNewswire | 04/18/24 12:00 PM EDT

    Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 7.10 percent. ?The 30-year fixed-rate mortgage surpassed 7 percent for the first time this year, jumping from 6.88 percent to 7.10 percent this week,? said Sam Khater, Freddie Mac?s Chief Economist.

  9. Fannie Mae Priced $509.1 Million Multifamily DUS REMIC (FNA 2024-M4) Under Its GeMS Program
    PR Newswire | 04/18/24 11:30 AM EDT

    WASHINGTON, April 18, 2024 Fannie Mae priced a $509.1 million Multifamily DUS? REMIC under its Fannie Mae Guaranteed Multifamily Structures program on April 9, 2024. FNA 2024-M4 marks the second Fannie Mae GeMS issuance of 2024. "We're excited to announce the pricing of our second GeMS deal for 2024," said Dan Dresser, Senior Vice President, Multifamily Capital Markets, Pricing and Analytics.

  10. Truework offers automated income and employment verification through Freddie Mac Loan Product Advisor as an AIM Service Provider
    PR Newswire | 04/18/24 09:00 AM EDT

    The Truework Income platform helps mortgage lenders improve predictability?in the income verification process with new integration SAN FRANCISCO, April 18, 2024 /PRNewswire/ -- Truework, the one-stop platform for income and employment verification, announces it is now a service provider supporting Freddie Mac Loan Product Advisor? asset and income modeler.

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.