30-Year Fixed-Rate Mortgage Downticks to 10-Month Low

by Phil Hall | Aug 28, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The 30-year fixed-rate mortgage averaged 6.56% as of Aug. 28, according to the latest Primary Mortgage Markey Survey published by Freddie Mac (OTCQB: FMCC). The latest reading is down from last week when it averaged 6.58%. A year ago at this time, it averaged 6.35%....

Federal Reserve Drama: Cook Sues Trump, Pulte Claims NY Times is Writing a ‘Hit Piece’ About Him

by Phil Hall | Aug 28, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

The battle for control of the Federal Reserve Board of Governors continued on multiple fronts this morning as Fed Gov. Lisa Cook sued President Trump for his attempt to fire her while Federal Housing Finance Agency Director Bill Pulte claimed he is going to be a...

Pending Home Sales Down 0.4% in July

by Phil Hall | Aug 28, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Pending home sales during July were down by 0.4% month-over-month but were up 0.7% year-over-year, according to the National Association of Realtors (NAR). On a regional basis, pending sales were down in the Northeast and Midwest from June into July, but were up in...

Median Mortgage Payments Down Slightly in July

by Phil Hall | Aug 28, 2025 | Mortgage Information, News/Current Events, Real Estate News

The national median mortgage payment in July was $2,127, down from $2,172 in June, according to data from the Mortgage Bankers Association (MBA). On a year-over-year basis, the sum was down $13, equal to a 0.6% decrease. The national median mortgage payment for...

Houston Astros File Lawsuit to Block Property Taxes on Stadium

by Phil Hall | Aug 28, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The owners of the Houston Astros have filed a lawsuit seeking to exempt the team from having to pay property taxes on their stadium. The Houston Chronicle reports the Astros are trying to avoid property taxes on Daikin Park by claiming Harris County “has no...

Bright MLS Joins Georgia and Florida Listing Services in Data Sharing Partnership

by Phil Hall | Aug 28, 2025 | News/Current Events, Real Estate Agent Tools, Real Estate News, WRE News Exclusive

Bright MLS has joined a partnership between First MLS and the Miami Association of Realtors that enables the subscribers of the multiple listing services to search and view lists across their respective markets. In this partnership, subscribers in the three services...