Mortgage rates continued their downward trajectory for the fifth consecutive week, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 7.22% as of Nov. 30, down from last week when it...
The Federal Housing Administration (FHA) is seeking industry feedback on its proposed changes to its 203(k) Rehabilitation Mortgage Insurance Program. The 203(k) program is designed to help borrowers purchase a home or refinance an existing mortgage and include the...
Zillow (NASDAQ:Z, ZG) has looked into the near future of the U.S. housing market and is forecasting some improvements related to inventory and affordability options for buyers. “Inventory has been far below normal for a while, and though Zillow economists predict more...
Greystar Real Estate Partners LLC and Partners Group, a global private markets firm, have broken ground on a new apartment building in a suburb of Washington, D.C. The 26-story tower at 7340 Wisconsin Ave. in Bethesda, Maryland, was designed by SK& I Architecture...
A total of 1.54 million mortgages secured by residential property (one to four units) were issued during the third quarter, according to new data from ATTOM. This represents a 3% decline from the second quarter and the ninth decline in the last 10 quarters – the...
Pending home sales were at a historic low level in October, according to new data from the National Association of Realtors (NAR). The NAR Pending Home Sales Index (PHSI) in October fell 1.5% from the previous month to 71.4, the lowest number since the index was...
Senate Approves 21st Century ROAD to Housing Act
