Inflation continues to hit levels not seen in 40 years, and mortgage rates are rising with it.
The 30-year fixed rate average increased to 3.85% – its highest since March 2020 – while the latest figures from the Bureau of Labor Statistics Thursday showed year-over-year inflation of 7.5% in January. That’s the highest in 40 years.
“It’s one word: It’s inflation,” says Rob Cook, vice president for marketing, digital, and analytics for Discover Home Loans.
The FHA share of total applications increased to 19.7% from 19.4% the week prior. Continue Reading Mortgage Application Activity Drops by 10.5%
February’s median price of $295,000 was 3.9% more than the $284,000 price recorded one year before. Continue Reading Illinois Home Prices Rise While Sales Decline
TruLookup for Real Estate will be available in early April. Continue Reading TransUnion Debuts Platform for Property Ownership Confirmations
“DEI is dead at HUD,” said Secretary Scott Turner. Continue Reading HUD Probes Washington State Homeownership Program for Fair Housing Act Violations
Hepburn acquired the property in 1931 and lived there until her death in 2003 at the age of 96. Continue Reading Listing Price Cut for Third Time on Katharine Hepburn’s Former NYC Home
Banyan Tree Residences West Palm Beach features 88 private residences ranging from one- to four-bedroom layouts, along with a limited collection of penthouses. Continue Reading Singapore’s Banyan Group Enters US Luxury Residential Market
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