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MBA: Mortgage Applications for New Home Purchases Up 13.8% in May

MBA: Mortgage Applications for New Home Purchases Up 13.8% in May

by Phil Hall | Jun 14, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage applications for new home purchases recorded a 13.8% year-over-year upswing in May, according to data from the Mortgage Bankers Association (MBA). Compared to April, application activity was up by 1%. The MBA estimated new single-family home sales were...
Chris Black Named CFO at Inside Real Estate

Chris Black Named CFO at Inside Real Estate

by Phil Hall | Jun 14, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Inside Real Estate, a Murray, Utah-based provider of real estate software, announced the appointment of Chris Black as chief financial officer (CFO). Black has more than two decades of CFO experience, holding the title at companies including Quantix, Transflo &...
Chris Pratt Slashes Price on Pacific Palisades Estate

Chris Pratt Slashes Price on Pacific Palisades Estate

by Phil Hall | Jun 13, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Actor Chris Pratt’s efforts to sell his Pacific Palisades estate have been less than stellar, resulting in a roughly $6.5 million reduction on its listing. Realtor.com reported the “Guardians of the Galaxy” star cut his original asking price of $32 million to $25.49...
Adfitech Rebrands as Mortgage Connect Risk Solutions

Adfitech Rebrands as Mortgage Connect Risk Solutions

by Phil Hall | Jun 13, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

Adfitech, an Edmond, Oklahoma-based provider of quality control and risk management services for the mortgage industry, has rebranded as Mortgage Connect Risk Solutions. According to the company, its new name reflects its place within parent company Mortgage Connect...
Lennar Opens New Townhome Community in Miami

Lennar Opens New Townhome Community in Miami

by Phil Hall | Jun 13, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Lennar Corp. (NYSE:LEN) announced the grand opening of Del Mar, a master-planned community offering two collections of townhomes for sale in Miami. According to the company, Del Mar features the Seaview Collection offering five two-story townhome designs ranging from...
Mortgage Rates Continue to Slip

Mortgage Rates Continue to Slip

by Phil Hall | Jun 13, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates declined again, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.95% as of June 13, down from last week when it averaged 6.99%. A year ago at this time, it averaged 6.69%....
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