U.S. single-family house prices accelerated in November, which combined with high mortgage rates could keep potential homeowners on the sidelines even as the Trump administration takes steps to address the issue of housing affordability. House prices increased 0.6% on a month-over-month basis after an unrevised 0.4% ?rise in October, the Federal Housing Finance Agency said on Tuesday.
U.S. single-family house prices accelerated in November, which combined with high mortgage rates could keep potential homeowners on the sidelines even as the Trump administration takes steps to address the issue of housing affordability. House prices increased 0.6% on a month-over-month basis after an unrevised 0.4% rise ?in October, the Federal Housing Finance Agency said on Tuesday.
U.S. mortgage rates fell significantly this week after the Trump administration initiated purchases of mortgage-backed securities to boost housing affordability. The average rate ?on the popular 30-year fixed-rate mortgage declined to 6.06%, ?the lowest level since September 2022, ?from 6.16% last week, mortgage finance ?agency Freddie ?Mac said on Thursday.
U.S. Treasury Secretary Scott Bessent on Friday said the goal of the Trump administration's launch of mortgage-backed securities purchases is to roughly match the rate at which those bonds are rolling off the Federal Reserve's balance sheet.
* Treasury's Bessent: MBS buybacks aim to match Fed's $15 bln monthly roll-off. * Trump orders $200 bln bond purchases to address housing affordability. * Bessent: Buybacks may boost Fannie Mae, Freddie Mac earnings. By David Lawder.
Federal Housing Finance Agency Director Bill Pulte said ?on Friday a $3 ?billion mortgage bond buy ?had been put ?in ?already the day ?after President ?Donald Trump ordered his representatives to ?buy $200 ?billion ?in mortgage bonds to bring down housing costs.
U.S. President Donald Trump's order for Freddie Mac and Fannie Mae to buy $200 billion in mortgage bonds raises doubts about their privatization plans, analysts say. Fannie and Freddie, created by the U.S. Congress ?to support the housing market, have been under government control since their bailout during the ?global financial crisis of 2008.
U.S. President Donald Trump's order for Freddie Mac and Fannie Mae to buy $200 billion in mortgage bonds raises doubts about their privatization plans, analysts say. Fannie and Freddie, created by the U.S. Congress ?to support the housing market, have been under government control since their bailout during the ?global financial crisis of 2008.
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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