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Will a Fannie Mae-Freddie Mac IPO Raise or Lower Mortgage Rates?

Will a Fannie Mae-Freddie Mac IPO Raise or Lower Mortgage Rates?

by Phil Hall | Aug 15, 2025 | Current News & Events, Mortgage Information, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

Will the Trump administration’s plans to sell shares in Fannie Mae (OTCQB: FNMA) and Freddie Mac (OTCQB: FMCC) result in a spike in mortgage rates, or will it drive rates down? The answer, it seems, depends which expert you ask. The Trump administration is reportedly...
Connecticut Cities Increase Fines Against Landlords with Blighted Properties

Connecticut Cities Increase Fines Against Landlords with Blighted Properties

by Phil Hall | Aug 15, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A pair of Connecticut cities are taking a tougher new approach to fighting neighborhood blight by upping fines against the owners of the rundown properties. WFSB reports the City of New Haven announced a new plan that increases the fine for a blighted property from...
Kanye West’s Unfinished Malibu Beach House Back on the Market at Reduced Price

Kanye West’s Unfinished Malibu Beach House Back on the Market at Reduced Price

by Phil Hall | Aug 15, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The saga of Kanye West’s one-time Malibu beach house took another melodramatic turn as the property is back on the market months after the announcement that a buyer was secured. Mansion Global reports the house is back on the market for $34.9 million, down from its...
Mortgage Rates at 10-Month Low

Mortgage Rates at 10-Month Low

by Phil Hall | Aug 14, 2025 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The 30-year fixed-rate averaged 6.58% as of Aug. 14, 2025, according to the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). This is down from last week when it averaged 6.63%; it also marked the lowest level recorded year-to-date. A year...
Foreign Purchases of Texas Residential Properties Up 9% Year-Over-Year

Foreign Purchases of Texas Residential Properties Up 9% Year-Over-Year

by Phil Hall | Aug 14, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The number of residential properties sold in Texas to international buyers is up by nearly 9% year-over-year, according to the 2025 Texas International Residential Transactions Report released by Texas Realtors. The new report found nearly 7,500 buyers from other...
Q2 Mortgage Delinquency Rate Down Slightly

Q2 Mortgage Delinquency Rate Down Slightly

by Phil Hall | Aug 14, 2025 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The second quarter delinquency rate for mortgage loans on one-to-four-unit residential properties declined to a seasonally adjusted rate of 3.93% of all loans outstanding, according to data from the Mortgage Bankers Association (MBA). The delinquency rate was down 11...
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