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Mortgage Rates Rise Again

Mortgage Rates Rise Again

by Phil Hall | Nov 21, 2024 | Market Snapshot, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates were on the rise again in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.84% as of Nov. 21, up from last week when it averaged 6.78%. A year ago at this time, it averaged...
Existing Home Sales Score First Year-Over-Year Hike Since July 2021

Existing Home Sales Score First Year-Over-Year Hike Since July 2021

by Phil Hall | Nov 21, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Existing home sales recorded its first year-over-year upswing since July 2021, according to new data from the National Association of Realtors (NAR). Total existing-home sales were up 3.4% from September to a seasonally adjusted annual rate of 3.96 million in October....
Report: Refinancing Fueled Q3 Mortgage Lending Activity

Report: Refinancing Fueled Q3 Mortgage Lending Activity

by Phil Hall | Nov 21, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 1.67 million mortgages were secured by residential property (1 to 4 units) during the third quarter, according to a data report from ATTOM. This marked 1.9% increases on both a quarterly and annual measurement. Lenders issued $553.1 billion worth of...
$2.3 Million Settlement in AI-Screening Discrimination Lawsuit

$2.3 Million Settlement in AI-Screening Discrimination Lawsuit

by Phil Hall | Nov 21, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

A federal court has approved a $2.3 million settlement that resolves charges that SafeRent, an artificial intelligence (AI) screening tool used by landlords, used its algorithm scores to determine if a rental housing applicant using vouchers should be approved as a...
Cryptocurrency Purchases for Real Estate Available in South Africa

Cryptocurrency Purchases for Real Estate Available in South Africa

by Phil Hall | Nov 21, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

South African property buyers are now able to purchase real estate using Bitcoin or Ethereum. Bitcoin.com reported the financial services provider Schindlers Digital Assets is now offering cryptocurrency conversion services that adhere to South African financial...
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