Mortgage rates held steady in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.58% as of Aug. 21, unchanged from last week. A year ago at this time, it averaged 6.46%. The 15-year fixed-rate...
Land Gorilla, a construction loan management software platform headquartered in San Luis Obispo, California, announced the appointment of Ben Sizemore as chief information officer. Sizemore previously served as chief technology officer at Bayview Loans and Lakeview...
A New York appeals court voided the more than half-million-dollar fraud judgment enacted against President Trump and the Trump Organization, but kept in place the lower court decision that Trump and his company engaged in valuation fraud when obtaining loans for their...
One of the most audacious pieces of celebrity real estate is back on the market – Jackie Gleason’s UFO-inspired roundhouse in the Hudson Valley town of Cortlandt Manor, New York, is now listed for $5.5 million. Completed in 1959 and nicknamed “The Mothership,” the...
Existing home sales during July recorded a 2% month-over-month upswing to a seasonally adjusted annual rate of 4.01 million, according to the National Association of Realtors (NAR). On a year-over-year measurement, sales were up by 0.8%. The sales increase was matched...
Approximately 58,000 home purchase agreements were canceled in July, according to new data from the Rocket Companies (NYSE: RKT) division Redfin. The rate of cancelations accounted for 15.3% of homes that went under contract last month, up from 14.5% one year ago....
Hits and Misses for the Real Estate Week of March 16-20
