Mortgage rates held steady in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 7.76% as of Nov. 2, down from last week when it averaged 7.79%. A year ago at this time, it averaged 6.95%. The...
The Federal Housing Administration (FHA) has published updated appraisal requirements for the valuation of manufactured homes certified under Fannie Mae’s MH Advantage and Freddie Mac’s ChoiceHome programs. According to the FHA, the updates align appraisal...
A bipartisan initiative led by Reps. Scott Peters (D-CA) and Cathy McMorris Rodgers (R-WA) and Sens. Brian Schatz (D-HI) and Mike Braun (R-IN) have reintroduced the Build More Housing Near Transit Act, which is designed to encourage the construction of low- and...
The Bank of England’s Monetary Policy Committee (MPC) voted 6–3 to maintain its Bank Rate at 5.25%. This marked the second consecutive MPC where the rate was not increased – the rate is at its highest level in 15 years. The three dissenting MPC members sought to...
The National Association of Realtors (NAR) has reached outside of the real estate industry for its leadership by recruiting Nykia Wright as its interim CEO, effective Nov. 20. Wright was formerly CEO of the Chicago Sun-Times and is co-founder of SonicMessenger, a...
The New York City law firm Kane Kessler has hired Neal Weinstein as a partner in its real estate and general business groups. Weinstein brings more than 20 years of experience in commercial real estate transactions, with a primary focus on New York metro and...
Hits and Misses for the Real Estate Week of June 29-July 3
