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Benzinga
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11/16/25 04:31 PM EST
Billionaire hedge fund manager?Bill Ackman is set to introduce a fresh proposal for mortgage-finance titans?Fannie Mae?and?Freddie Mac?on Tuesday, Nov. 18. What Happened:?Ackman is scheduled to detail his plan during a livestream event.
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Benzinga
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11/13/25 07:30 AM EST
Federal Housing Finance Agency chief Bill Pulte called the proposed 50-year mortgage a ?complete game changer. In a note published Nov. 10, UBS analysts John Lovallo, Spencer Kaufman, and Matthew Johnson said extending a traditional 30-year mortgage to 50 years could roughly double the total interest a borrower pays over the life of the loan, reported Bloomberg.
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Benzinga
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09/07/25 12:46 AM EDT
The U.S. government's effort to privatize Fannie Mae and Freddie Mac through a $30 billion IPO has prompted the Federal Housing Finance Agency to rehire employees it laid off earlier this year. The FHFA, led by President Donald Trump?appointed director Bill Pulte, had cut roughly 30% of its workforce in the spring and summer, including economists and board members of the mortgage giants.
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Benzinga
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08/15/25 04:04 PM EDT
Mortgage rates just touched their lowest level since last October, fueling a wave of optimism across the housing market and sending homebuilder stocks surging as traders increasingly price in imminent Federal Reserve rate cuts. The average 30-year fixed mortgage rate has slipped to 6.58% as of Aug. 14, dropping 5 basis points from the prior week, according to Freddie Mac data.
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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