News Results

  1. Mortgage Rates Near 6%, Demand Increases For Refinancing, Purchases
    Benzinga | 09/19/24 06:30 PM EDT

    Mortgage rates continue to fall toward 6% as the housing market absorbs the Federal Reserve?s 0.5% rate cut on Wednesday, raising demand for refinancing and buying, stated Freddie Mac. The average rate for a 30-year fixed mortgage fell to 6.09% on Thursday, down from 6.2% a week ago and 7.19% a year earlier, according to Freddie Mac?s Primary Market Mortgage Survey.

  2. Arkansas Federal Credit Union and FHLB Dallas Provide Financing to Rowdy Ruff House
    Business Wire | 09/19/24 03:52 PM EDT

    Small Business Boost Loan Gives Startup a Leg Up. A Small Business Boost loan from Arkansas Federal Credit Union and the Federal Home Loan Bank of Dallas helped fund the opening of a premium doggie daycare in North Little Rock, Arkansas. This press release features multimedia.

  3. US 30-year fixed-rate mortgage falls to 6.09%
    Reuters | 09/19/24 12:32 PM EDT

    U.S. mortgage rates dropped to the lowest level in more than 1-1/2 years this week and could fall further after the Federal Reserve cut interest rates for the first time since 2020. The average rate on the popular 30-year fixed-rate mortgage fell to 6.09%, the lowest since February 2023, from 6.20% last week, mortgage finance agency Freddie Mac said on Thursday.

  4. US 30-year fixed-rate mortgage falls to 6.09%
    Reuters | 09/19/24 12:28 PM EDT

    U.S. mortgage rates dropped to the lowest level in more than 1-1/2 years this week and could fall further after the Federal Reserve cut interest rates for the first time since 2020. The average rate on the popular 30-year fixed-rate mortgage fell to 6.09%, the lowest since February 2023, from 6.20% last week, mortgage finance agency Freddie Mac said in a statement on Thursday.

  5. Mortgage Rates Continue to Tumble
    GlobeNewswire | 09/19/24 12:00 PM EDT

    Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.09 percent. ?Mortgage rates continued declining towards the six percent mark, reviving purchase and refinance demand for many consumers,? said Sam Khater, Freddie Mac?s Chief Economist.

  6. Greystone Provides $41.5 Million in Freddie Mac Financing for?Multifamily Property in Florida
    GlobeNewswire | 09/19/24 10:38 AM EDT

    Greystone, a leading national commercial real estate finance company, has provided a $41,535,000 Freddie Mac Optigo? loan to refinance a 252-unit multifamily property in Winter Park, FL. The financing was originated by Haig Kilicyan and Donny Rosenberg of Greystone on behalf of White Eagle Group.

  7. Freddie Mac Multifamily Apartment Investment Market Index Inches Up Nationwide in Second Quarter of 2024
    GlobeNewswire | 09/18/24 11:00 AM EDT

    The Freddie Mac Multifamily Apartment Investment Market Index? rose nationwide by 0.3% quarter over quarter and 2.2% year over year, according to data released today.

  8. Existing Home Sales on Pace to Hit Nearly 30-Year Low, Despite Recently Lower Rates
    PR Newswire | 09/18/24 08:30 AM EDT

    WASHINGTON, Sept. 18, 2024 Despite a significant decline in mortgage rates and improved supply in some parts of the country, existing home sales are not expected to pick up meaningfully through the remainder of 2024, with the annual pace now forecast to be the slowest since 1995, according to the September 2024 commentary from the Fannie Mae?Economic and Strategic Research Group.

  9. BRIEF-Fannie Mae Prices $708 Mln Connecticut Avenue Securities Remic Deal
    Reuters | 09/17/24 04:22 PM EDT

    Federal National Mortgage Association (FNMA): * FANNIE MAE PRICES $708 MILLION CONNECTICUT AVENUE SECURITIES REMIC DEAL Source text for Eikon: Further company coverage:

  10. Fannie Mae Prices $708 Million Connecticut Avenue Securities (CAS) REMIC Deal
    PR Newswire | 09/17/24 04:00 PM EDT

    WASHINGTON, Sept. 17, 2024 Fannie Mae priced Connecticut Avenue Securities? Series 2024-R06, an approximately $708 million note offering that represents Fannie Mae's sixth and final CAS REMIC? transaction of the year. The reference pool for CAS Series 2024-R06 consists of approximately 50,000 single-family mortgage loans with an outstanding unpaid principal balance of approximately $16.6 billion.

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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