Nearly 7% of U.S. homes listed for sale posted a price drop during the four weeks ending Oct. 29, on average, according to new data from Redfin (NASDAQ:RDFN). This percentage is the highest on record, and Redfin attributed this to elevated mortgage rates, which has...
The Federal Housing Administration (FHA) has extended its disaster-related foreclosure moratorium in Hawaii’s Maui County through May 6, 2024, for borrowers with FHA-insured single-family mortgages, including seniors with Home Equity Conversion Mortgages. FHA...
California Regional MLS (CRMLS), the nation’s largest MLS, is now offering its users no-cost 2D floor plans with measurements through CubiCasa, a real estate software company. CRMLS users will receive special access to free floor plans, discounts on add-on features,...
The technology and information firm CondoTek has teamed with Mortgage Guaranty Insurance Corp. (MGIC) to create a condominium compliance solution available through CondoTek’s platform. According to the companies, CondoTek’s Condo Project Warrant (CPW) will now...
Mortgage rates held steady in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 7.76% as of Nov. 2, down from last week when it averaged 7.79%. A year ago at this time, it averaged 6.95%. The...
The Federal Housing Administration (FHA) has published updated appraisal requirements for the valuation of manufactured homes certified under Fannie Mae’s MH Advantage and Freddie Mac’s ChoiceHome programs. According to the FHA, the updates align appraisal...
