The 30-year fixed-rate mortgage averaged 6.62% as of April 10, according to the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). This is down from last week when it averaged 6.64%. “The average 30-year fixed-rate mortgage continues to...
A total of 93,953 residential properties carried foreclosure filings during the first quarter of this year, according to new data from ATTOM. This is up by 11% from the previous quarter but down 2% from one year ago. Nationwide one in every 1,515 housing units had a...
A Chicago real estate broker was sentenced to four years and two months in federal prison for defrauding four investors out of more than $3 million. Stanislav Sannikov, also known as Steve Sannikov, owned and operated Chestnut Realty Group. According to the charges...
A St. Louis man pleaded guilty to one felony count of bank fraud in a case where he admitted to fraudulently obtaining home mortgages totaling more than $1.2 million. Edward James Mitchell Jr. participated in four fraudulent home mortgages from October 2021 through...
A new bill in the Washington state legislature could raise the cap on property taxes from 1% to 3%. KOMONews.com reports House Bill 2049 is backed by the Association of Washington Cities (AWC), the nonpartisan nonprofit that represents localities before the state...
Florida Realtors has come out against a bill in the state legislature that would abolish the Florida Real Estate Commission (FREC). House Bill 1461 eliminate nearly all the state boards and commissions tasked with regulating professions under the Florida Department of...
Hits and Misses for the Real Estate Week of May 11-15
