Mortgage rates for the fifth straight week, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.46% as of April 2, up from last week when it averaged 6.38%. A year ago at this time, it...
APW Avenue Group, a Los Angeles-headquartered real estate investment and development firm, has acquired The Village at Iron Blossom, a 401-unit apartment community in South Reno, Nevada, for $96 million. The property offers residences in one-, two- and three-bedroom...
A new analysis by Zillow (NASDAQ: Z, ZG) of housing markets where first-time buyers can find a robust selection of affordable properties has ranked Jacksonville, Florida, as the best market for newcomers to homeownership. According to Zillow, Jacksonville leads a list...
Florida’s Chief Financial Officer Blaise Ingoglia is predicting the state legislature will not follow Gov. Ron DeSantis’ call to abolish homestead property taxes. In an interview with WINK News, Ingoglia acknowledged that DeSantis has yet to propose a plan on...
Finance of America Reverse LLC has unveiled HomeSafe Second Line of Credit, which is being promoted as the “industry’s first second-lien reverse mortgage line of credit.” According to the Plano, Texas-based company, the product enables homeowners age 55 and older to...
Mortgage application activity slowed during the week ending March 27 amid a steep decline in refinancing, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, fell by 10.4% on...
