Ginnie Mae announced it generated a total issuance was $526.4 billion for its fiscal year 2025, a 7.2% year-over-year increase in the outstanding portfolio. As a result of this issuance total, the agency’s mortgage-backed securities portfolio grew by $190.9 billion to...
A total of 8,482 homes sold in Virginia during in December, a 7.3% year-over-year increase representing an additional 575 sales. According to data from the Virginia Realtors, the state recorded 6,745 new listings in December, a 1.8% uptick from one year earlier....
High-profile real estate investor Grant Cardone has called on President Trump to extend the concept of bonus depreciation to homeowners. During his speech before the World Economic Forum in Davos, Switzerland, on Wednesday, Trump briefly touched on whether homeowners...
Pennsylvania recorded 8,301 home sales during December, a 13.5% decline from the 9,599 transactions from one year earlier. According to the Pennsylvania Association of Realtors (PAR), the decline in sales was mirrored by a decline in new listings – 30,595 in December,...
Mortgage rates inched up slightly in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.09% as of Jan. 22, up from last week when it averaged 6.06%. A year ago at this time, it averaged 6.96%....
December home sales were up by 14.9% from November and were 5.0% higher on a year-over-year measurement, according to a survey of 52 metro areas by REMAX. December’s median sales price of $434,000 was only 1.1% higher than the $429,000 price recorded one year...
