Mortgage rates flirted with the 7% level again in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.95% as of July 3, up from last week when it averaged 6.86%. A year ago at this time, it...
Home sales and prices in the Greater Toronto Area (GTA) were down year-over-year in June, according to new data from the Toronto Regional Real Estate Board (TRREB). A total of 6,213 home sales were sold through TRREB’s MLS System in last month, down 16.4% compared to...
HBC, the parent company of Saks Fifth Avenue, announced its $2.65 billion acquisition of Neiman Marcus Group (NMG), the parent company of Neiman Marcus and Bergdorf Goodman. At the completion of the transaction, HBC will establish Saks Global, which will encompass the...
Ameritex Homes has launched a “July Sales Event” with rate buydowns as low as 4.99% through a preferred lender and assistance with closing costs on its move-in ready homes across Texas. The limited-time offer is available for qualified buyers on select...
The Federal Housing Administration (FHA) published translated versions of 19 single family mortgage documents used in the servicing of FHA-insured mortgages. The documents are available in Chinese, Korean, Spanish, Tagalog, and Vietnamese on the FHA website. The...
Hits and Misses for the Real Estate Week of June 22-26
