Bill Pulte, the director of the Federal Housing Finance Agency (FHFA), has announced new and planned updates to the credit rating system. In a series of tweets on his personal X account, Pulte took aim at the three major credit bureaus while continuing his...
Lennar Corp. (NYSE: LEN) has announced the grand opening of The Oaks at Eclectic, a new single-family home community in the vacation destination of Eclectic, Alabama. Located within 15 minutes of Lake Martin and a short drive from Montgomery and Wetumpka, The Oaks at...
The 30-year fixed-rate mortgage averaged 6.71% as of Sept. 3, up from last week when it averaged 6.66% and its highest level in over a year. According to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC), the 30-year fixed-rate mortgage...
We spend a lot of time in mortgage lending talking about income. How much does the borrower earn? What is the debt-to-income ratio? How much of a monthly payment can the household reasonably carry? What happens to purchasing power when the mortgage rate moves another...
Apartment rents remained mostly flat during August, with the national average dipping by a scant -0.03% to $1,751 from July’s upwardly revised level of $1,752. According to data from Apartments.com, an online marketplace of CoStar Group Inc. (NASDAQ: CSGP), this...
Minto Communities USA and Margaritaville Holdings announced the expansion of the Latitude Margaritaville active adult community concept into Texas. The new 1,318-acre community will be based in Texas City along Galveston Bay and will feature approximately 3,500...
Housing is Cooling Nationally. In These Affordable Markets, Buyers are Stil…
