JPMorgan Chase (NYSE:JPM) has pledged $7.65 million to support three nonprofits working to improve housing affordability and stability for Black and Hispanic households in Washington D.C. The funding will be divided with $4.45 million going to the Coalition for...
Mortgage rates are back on the upswing, according to the new Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.71% as of June 29, up from last week when it averaged 6.67%. One year ago at this time, it...
Median-priced single-family homes and condos were less affordable in the second quarter of this year compared to historical averages in 98% of counties around the nation with enough data to analyze, according to a new report from ATTOM. Nationwide, the median...
The U.S. median home listing price was down by 0.9% year-over-year, according to data from Realtor.com. This marked the first yearly decline since 2017, when Realtor.com began to track this data. In June, the U.S. median list price was $445,000, up from $441,000 in...
The Federal Housing Administration (FHA) published a Mortgagee Letter that increases the threshold at which a multifamily loan is considered a large loan from $75 million to $120 million. This marked the first increase in the multifamily loan threshold since 2014. The...
eXp Realty, the Bellingham, Washington-based subsidiary of eXp World Holdings, Inc. (NASDAQ: EXPI), has introduced Boost program to financially incentivize qualifying independent teams and brokerages to join its network. According to the company, the program will...
