Mortgage rates ticked up in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.52% as of June 11, up from last week when it averaged 6.48%. A year ago at this time, it averaged 6.84%. The...
A total of 40,355 residential properties had foreclosure filings— default notices, scheduled auctions or bank repossessions — during May, down 5% from April but up 14% from May 2025. According to data from ATTOM, lenders initiated the foreclosure process on 27,304...
The median sold price for the Mid-Atlantic region encompassed by Bright MLS reached $450,000 in May, a 3.4% year-over-year increase and the highest level on record. There were 24,153 new contracts on homes in May, a 4.5% increase from one year ago, although closed...
Alec Baldwin is back in the real estate news headlines, this time with another price cut on his 8.28-acre Hamptons mansion that no one seems interested in buying. The five-bedroom, 5.5-bathroom residence in Amagansett, New York was first listed for $29 million in 2022...
Maine’s home sales and home prices held steady during May, according to new data from the Maine Association of Realtors (MAR). A total of 1,206 single-family existing homes were sold in Maine last month, with a median sold price of $425,000. Both figures were...
A buyer who purchases the median-priced home today with 20% down will pay $413,700 in interest over a 30-year mortgage at the current 6.53% rate, according to a data report from Best Interest Financial and Clever Real Estate. However, that sum is $10,500 more than the...
Inflation Just Put Mortgage Rates Back in the Crosshairs
