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...
The $43 million sale of a 31.5-acre waterfront estate on Martha’s Vineyard has set a new record for the most expensive property sale in Massachusetts. The Wall Street Journal reports the sale came at a discount – Boston-based tech entrepreneur and investor Michael...
The Insurance Information Institute (Triple-I) has launched of its Insurance Affordability Index, a new interactive resource designed to show how homeowners and personal auto insurance costs vary nationwide, along with the economic, risk and market factors driving...
