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CMBS Delinquency Rate Shoots Up to 14-Month High
The CMBS delinquency rate is now at its highest level since March 2022, while the 53-basis point upswing was the largest since June 2020.
Look Up, Folks, Because That’s Where Mortgage Rates Are Heading!
The latest Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC) requires an upward view. The 30-year fixed-rate mortgage averaged 6.79% as of June 1, up from last week when it averaged 6.57%. A year ago at this time, it averaged 5.09%. The 15-year fixed-rate...
CoreLogic: A Potential of $11.6 Trillion in Hurricane Property Damage This Year
More than 32 million single-family residences (SFRs) and 1 million multifamily residences (MFRs) in the U.S. Atlantic and Gulf Coasts are at moderate or more significant risk of sustaining damage from hurricane-force winds this year, according to CoreLogic’s newly...
Q1 Mortgage Origination Activity at 23-Year Low
A total of 1.25 million mortgages secured by residential property were originated in the first quarter of this year, according to new data from ATTOM. This represented a 19% drop from the fourth quarter of 2022 – the eighth consecutive quarterly decrease – and a 56%...
News & Current Events
GOP Governors Call on Biden to Rescind LLPA Changes
“Only the Biden administration would think it can solve a supply issue by subsidizing demand and bad credit,” said Missouri Gov. Mike Parson.
Alec Hanson promoted to CMO at loanDepot
Hanson joined loanDepot in 2011 and was previously senior vice president of production for the West division.
Supreme Court Sides with Property Owners Against EPA on Wetlands Authority
The court ruled the EPA does not have the authority to regulate discharges into some wetlands located near bodies of water.
DCHFA Unveils Investor Relations Website
The new DCHFABonds.com site will provide data and documents to investors about its bond programs.
Weekly Real Estate News Exclusive Articles
Find insights, information, tools, perspectives, and trends written by experts and published exclusively on WRE News.
CMBS Delinquency Rate Shoots Up to 14-Month High
The CMBS delinquency rate is now at its highest level since March 2022, while the 53-basis point upswing was the largest since June 2020.
Look Up, Folks, Because That’s Where Mortgage Rates Are Heading!
A year ago at this time, the 30-year fixed-rate mortgage averaged 5.09%.
CoreLogic: A Potential of $11.6 Trillion in Hurricane Property Damage This Year
Approximately 7.8 million homes are susceptible to storm surge flooding.
Q1 Mortgage Origination Activity at 23-Year Low
On the refinance side, only 407,956 mortgages were rolled over into new ones – the smallest amount this century.
Realtor.com: Home Price Growth Slowest on Record
The median list price grew to $441,000 in May, up from $430,000 in April but down by 1.7% from June 2022’s record high of $449,000.
Real Estate ESG Platform Measurabl Closes $93 Million Series D Funding
“The antidote to greenwashing is objective measurement and transparency,” says Matt Ellis, Measurabl co-founder and CEO. “
About Weekly Real Estate News
Weekly Real Estate News covers the U.S. real estate and home finance industries and is written for industry professionals. It includes weekly news, trends, analysis and profiles of industry leaders. The publication reaches 1.25 million real estate professionals and offers an unbiased look at the industry’s most important issues. The publication offers subscribers frequent email newsletters and breaking news stories as well as access to the industry’s most experienced thought leaders.
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