More than 32.7 million residential properties from Texas to Maine are at risk of moderate or severe damage sustained from hurricane-force winds during this year’s Atlantic Hurricane Season, according to the 2024 Hurricane Risk Report published by CoreLogic. The depth...
The national median payment applied for by purchase applicants inched up by 2.5% in April to $2,256 from $2,201 in March, according to the Mortgage Bankers Association’s (MBA) Purchase Applications Payment Index. Compared to one year ago, the payment level was...
The Consumer Financial Protection Bureau (CFPB) has begun a public inquiry into mortgage closing costs, claiming that so-called “junk fees” are inflating these costs. The agency issued a request for information regarding which fees are subject to competition, how fees...
Sen. Tim Scott (R-SC), the ranking member of the Senate Banking Committee, led a coalition of the Committee’s Republican members and 23 members of the House Financial Services to express concern over the proposal to allow Freddie Mac (OTCBQ:FMCC) to purchase and...
Mortgage rates floated above the 7% mark again in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 7.03% as of May 30, up from last week when it averaged 6.94%. A year ago at this time, it...
Pending home sales in April fell by 7.7%, according to data from the National Association of Realtors (NAR). NAR’s Pending Home Sales Index (PHSI) decreased to 72.3 in April; an index of 100 is equal to the level of contract activity in 2001. On a year-over-year...
Hits and Misses for the Real Estate Week of April 27-May 1
