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...
A sprawling mansion in Bel Air, California, has been listed for $250 million – and if it is sold at the listing price, it will become the most expensive single-family residential sale in U.S. history. The Wall Street Journal reported that Casa Encantada twice made...
Mortgage applications recorded a scant uptick in the latest data report from the Mortgage Bankers Association (MBA) that covers the week ending June 16. The Market Composite Index, a measure of mortgage loan application volume, saw a 0.5% rise on a seasonally adjusted...
