The June reading for Fannie Mae’s (OTCQB: FNMA) Home Purchase Sentiment Index saw a scant 0.4-point uptick to 66.0, with the full index up by only 1.2 points from one year ago. However, there is a slight level of optimism among consumers – at least compared to one...
Mortgage rates were on the upswing again, according to the latest Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.81% as of July 6, up from last week when it averaged 6.71%. A year ago at this time, it averaged...
The average sale-to-list price ratio hit 100.1% during the four weeks ending July 2, according to new data from Redfin (NASDAQ:RDFN). This marks the first time since last August that the average home was selling for more than its asking price. Redfin also noted the...
Mortgage application activity last week experienced a downturn, according to new data from the Mortgage Bankers Association (MBA). The Market Composite Index, the trade group’s measure of mortgage loan application volume, was down 4.4% on a seasonally adjusted basis...
Cleveland-headquartered KeyBank (NYSE: KEY) has launched KeyBank Neighbors First Credit, the third in its series of Special Purpose Credit Programs designed to help borrowers achieved homeownership. According to the company, KeyBank Neighbors First Credit is designed...
The real estate sales firm Agent PHL announced the sale and settlement of 2400 East Venango St. in Philadelphia for $3 million. The 38,000 square-foot site will provide 30 new townhome residences, to be delivered in two phases of 15 units each. The units will feature...
Hits and Misses for the Real Estate Week of May 11-15
