There was good news and not-good news out of Florida’s housing market, with an increase in active listings during May that was seesawed with a decline in closed sales. According to new data from Florida Realtors, the state recorded a total of 26,396 closed sales...
Meriden, Connecticut-headquartered Planet Home Lending LLC announced a $10 billion bulk acquisition of mortgage servicing rights (MSR) from Village Capital & Investment LLC of Henderson, Nevada. The Village portfolio consists of 45,000 home loans securitized by...
Freddie Mac (OTCQB: FMCC) reported another decline in mortgage rates in the newly published Primary Mortgage Market Survey. The 30-year fixed-rate mortgage averaged 6.67% as of June 22, down from last week when it averaged 6.69%. A year ago at this time, it averaged...
Existing home sales during May recorded a scant 0.2% uptick from the previous month and a significant 20.4% year-over-year decline, according to data from the National Association of Realtors (NAR). A total of 4.30 million completed took place last month – one year...
A total of 72,960 single-family homes and condominiums were flipped in the first quarter of this year, according to new data from ATTOM. This represented 9% of all sales, compared to 9.4% in the first quarter of 2022 and 8% in the fourth quarter of last year. Among...
Realtor.com has updated its housing forecast for the second half of the year, with predictions for a less onerous mortgage rate level and fewer home sales. The revised forecast points to mortgage rates averaging 6.4% throughout the year before sliding to 6.1% by...
Hits and Misses for the Real Estate Week of May 11-15
