Mortgage rates continued to sink away from the 7% mark in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.86% as of June 27, down from last week when it averaged 6.87%. A year ago at this...
The elevated cost of housing has created new considerations of homeownership by middle-income Americans. According to a new survey published by Santander Holdings USA Inc., 81% of middle-income respondents said the high cost of housing is a major financial issue, with...
Sales of new single‐family houses during May were at a seasonally adjusted annual rate of 619,000, according to estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 11.3% below the revised April rate of 698,000 and...
Question: Can a U.S. worker earning the minimum wage be able to afford to buy a home? The answer is: Yes, but it will take a lot of time to save for a down payment. A new study by Salt Lake City-based BadCredit.org compared Zillow home prices over the past year to...
Mortgage application activity enjoyed a slight uptick for the week ending June 21, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, inched up by 0.8% on a seasonally...
The New York City-based private-equity firm KKR (NYSE: KKR) has acquired a portfolio of 18 multifamily properties across multiple states for $2.1 billion. The Wall Street Journal reported the acquisition encompasses more than 5,200 apartment units in newly built mid-...
New Data Reports Find Mixed Results in April Home Price Activity
