The latest Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC) requires an upward view. The 30-year fixed-rate mortgage averaged 6.79% as of June 1, up from last week when it averaged 6.57%. A year ago at this time, it averaged 5.09%. The 15-year fixed-rate...
More than 32 million single-family residences (SFRs) and 1 million multifamily residences (MFRs) in the U.S. Atlantic and Gulf Coasts are at moderate or more significant risk of sustaining damage from hurricane-force winds this year, according to CoreLogic’s newly...
A total of 1.25 million mortgages secured by residential property were originated in the first quarter of this year, according to new data from ATTOM. This represented a 19% drop from the fourth quarter of 2022 – the eighth consecutive quarterly decrease – and a 56%...
It was a May that was worth forgetting, according to the latest Realtor.com Housing Report that recorded home price growth of only 0.9% year-over-year, the slowest rate since the company began recording this data in 2016. “April and May are historically popular...
Planet Home Lending LLC, a Meriden, Connecticut-headquartered mortgage lender and servicer, announced the asset acquisition of retail lender Platinum Home Mortgage Corp., based in Hoffman Estates, Illinois. According to the companies, Planet will acquire the majority...
Elon Musk’s prediction that the U.S. residential real estate market is on the cusp of a collapse received a sharp rebuke from Glenn Kelman, CEO of the brokerage Redfin (NASDAQ:RDFN). On Monday afternoon, the Tesla (NASDAQ:TSLA) chieftain offered a doom-and-gloom...
Hits and Misses for the Real Estate Week of May 11-15
