Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.78 percent. ?Mortgage rates essentially remained flat from last week but have decreased nearly half a percent from their peak earlier this year,? said Sam Khater, Freddie Mac?s Chief Economist.
The U.S. economy is much stronger than people realize, Chris Zaccarelli, chief investment officer for Independent Advisor Alliance, said on Thursday. To the extent that markets were worried about a growth slowdown, Zaccarelli added, they ?should breathe a sigh of relief? after this morning's GDP number.
By RoboForex Analytical Department. GBP/USD pair is down to 1.2892 on Thursday. Statistics released earlier showed that UK private sector activity improved in July. The data aligned with forecasts and confirmed the positive sentiment in industrial production after Labour's convincing election victory. The market is watching the situation with the Bank of England interest rate.
Challenges to laws banning investment banks from underwriting municipal bonds and the targeting of other financial firms for divestment purposes may result from a recent Oklahoma ruling.
China's back-to-back interest-rate cuts signal urgency to shore up growth after the recent Communist party plenum offered little support to the nation's flagging economy.
"In spite of challenging times for the entire industry as a result of the rate environment, First Northwest executed on a balance sheet restructure strategy.
Atlanticus Holdings Corporation (ATLC), a financial technology company that enables its bank, retail and healthcare partners to offer more inclusive financial services to millions of everyday Americans, today announced the pricing of its underwritten registered public add-on offering of $55,000,000 aggregate principal amount of its 9.25% Senior Notes due 2029, at a public offering price of $24.70 per ...
The People?s Bank of China has executed an unscheduled lending operation at significantly lower rates, indicating a potential increase in monetary stimulus to support the economy. What Happened: The PBOC conducted a medium-term lending facility operation, issuing 200 billion yuan in one-year loans at a rate of 2.30%, a 20 basis point decrease from the previous MLF loan, Reuters reported.
"While supply has been outsized over the last several weeks, the market has also seen outsized reinvestment demand over the last several months," said Nuveen strategists.
A new annual report by the National Low Income Housing Coalition that highlights current trends in rental housing and average wages across the country echoes similar sobering findings of a housing needs assessment conducted by the Federal Home Loan Bank of Indianapolis in 2023.
Philadelphia-based Janney Montgomery Scott has been fined by the Financial Industry Regulatory Authority for reporting inaccurate times of trade on 391 municipal securities transactions.
CUSIP Global Services today announced the release of its CUSIP Issuance Trends Report for June 2024. North American corporate requests totaled 6,561 in June, which is down 10.9% on a monthly basis. The aggregate total of identifier requests for new municipal securities ? including municipal bonds, long-term and short-term notes, and commercial paper ? fell 5.0% versus May totals.
North Dakota's Bismarck State College returned to the market, pricing $30 million of bonds, with proceeds used to finance the construction of an 80,000-square-foot athletic center.
The Equipment Leasing and Finance Association?s Monthly Leasing and Finance Index, a survey of economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, reports that in June: Additional findings include: Separately, the Equipment Leasing & Finance Foundation?s Monthly Confidence Index in July is 50.7, steady with the June index of 50.2. ELFA ...
Constellium SE (CSTM) announced today the commencement of a proposed private offering of approximately ?300 million of euro denominated senior unsecured notes due 2032 and $350 million of U.S. dollar denominated senior unsecured notes due 2032, subject to market and other conditions.
?First Busey Corporation Net Income of $27.4 millionDiluted EPS of $0.47 SECOND QUARTER 2024 HIGHLIGHTS For additional information, please refer to the 2Q24 Earnings Investor Presentation.
First Eagle Investments has hired Purva Patel, based in Chicago, as managing director and senior investment specialist on its high-yield municipal credit team.
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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