Zions Bancorporation agreed to buy the agency lending business of Basis Multifamily Finance I, a subsidiary of Basis Investment Group. The deal includes the unit's team, access to Fannie Mae and Freddie Mac lending programs, and all associated mortgage-servicing rights, Zions said Monday in a statement. Financial terms weren't disclosed.
Basis Investment Group and Zions Bancorporation Enter into Strategic Partnership to Expand Each Company's Real Estate Financing and Capital Formation Efforts SALT LAKE CITY, March 23, 2026 /PRNewswire/ -- Zions Bancorporation, N.A (ZION). today announced that it has entered into a definitive agreement to acquire the agency lending business of Basis Multifamily Finance I, LLC, a subsidiary of Basis Inv...
On behalf of Price Holdings LLC, a Price Brothers affiliate, Northmarq has secured a $512 million Freddie Mac credit facility to refinance and recapitalize a 13?property multifamily portfolio spanning the Kansas City and Dallas metro areas. ?In today?s competitive and ever-changing multifamily markets, sponsors need certainty of execution and optionality more than ever,? said Duvall.
The MINT Act, which would enable Federal Home Loan Bank members to issue tax exempt bonds is working its way through committees in both House and Senate.
The average rate on the popular U.S. 30-year fixed-rate mortgage surged to a three-month high this week as war in the Middle East stoked inflation fears, dealing a blow to the Trump administration's efforts to make housing more affordable. The 30-year fixed mortgage rate averaged 6.22%, highest since early December, up from 6.11% last week, mortgage finance agency Freddie Mac said on Thursday.
The average rate on the popular U.S. 30-year fixed-rate mortgage surged to a three-month high this week as war in the Middle East stoked inflation fears, dealing a blow to the Trump administration's efforts to make housing more affordable. The 30-year fixed mortgage rate averaged 6.22%, highest since early December, up from 6.11% last week, mortgage finance agency Freddie Mac said on Thursday.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.22%. "The 30-year fixed-rate mortgage edged up this week to 6.22% but remains nearly half a percentage point lower than the same time last year," said Sam Khater, Freddie Mac's Chief Economist.
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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