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Mortgage Application Activity Remains Mostly Flat
“The government purchase index, which includes FHA, VA, and USDA applications, increased 9 percent and had the strongest week since 2023,” said MBA’s Joel Kan. Continue Reading Mortgage Application Activity Remains Mostly Flat
Mortgage Application Activity Remains Mostly Flat
“The government purchase index, which includes FHA, VA, and USDA applications, increased 9 percent and had the strongest week since 2023,” said MBA’s Joel Kan. Continue Reading Mortgage Application Activity Remains Mostly Flat
Mortgage Rates Rise for Second Straight Week
Mortgage rates increased for the second consecutive week, according to the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.34% as of Oct. 2, up from last week when it averaged 6.30%. A year ago...
Report: One in Five Homes Had Price Reductions in September
Nearly one in five homes carried a price reduction during September, according to new data from Realtor.com. Properties at the lower- and mid-tier and the South were the most likely to have lowered prices while luxury home prices remained steady. Homes priced between...
CMBS Delinquency Rate Falls After 6 Months of Increases
The delinquency rate for commercial mortgage-backed securities (CMBS) for September went into decline for the first time since February, dropping six basis points to 7.23%. According to data from Trepp Inc., last month’s overall delinquent balance was $43.5 billion...
NEWS & CURRENT EVENTS
Report: 3 Trump Cabinet Members Have 2 Mortgaged Properties with Both Claimed as Primary Residences
“This is just another hit piece from a left-wing dark money group that constantly attempts to smear President Trump’s incredible Cabinet members,” said a White House spokesperson. Continue Reading Report: 3 Trump Cabinet Members Have 2 Mortgaged Properties with Both Claimed as Primary Residences
Report: White House Offers NYC Mayor Adams a HUD Position if He Drops Re-Election Bid
Another report has Adams being offered the role of US Ambassador to Saudi Arabia Continue Reading Report: White House Offers NYC Mayor Adams a HUD Position if He Drops Re-Election Bid
Developers of Offshore Wind Project Halted by Trump Sue to Void Stop-Work Order
Construction on the 65-turbine Revolution Wind project began in 2023. Continue Reading Developers of Offshore Wind Project Halted by Trump Sue to Void Stop-Work Order
Trump’s Fed Pick Says He Will Take Unpaid Leave from White House Job if Confirmed
Rhode Island’s Democratic Senator Jack Reed called Miran’s plan “absolutely ridiculous.” Continue Reading Trump’s Fed Pick Says He Will Take Unpaid Leave from White House Job if Confirmed
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WEEKLY REAL ESTATE NEWS EXCLUSIVE ARTICLES
Find insights, information, tools, perspectives, and trends written by experts and published exclusively on WRE News.
Fannie Mae Forecasts Declining Mortgage Rates for 2025 and 2026
The revised forecast was mirrored by a mild upward revision for predicted existing home sales in 2025. Continue Reading Fannie Mae Forecasts Declining Mortgage Rates for 2025 and 2026
NAR to Layoff 61 Employees as Part of Organizational Overhaul
NAR did not provide a timeline regarding when the job cuts would occur. Continue Reading NAR to Layoff 61 Employees as Part of Organizational Overhaul
Former Morgan Stanley Financial Advisor Sentenced for Fraud Scheme
n all, Morgan Stanley suffered a total loss of $5,554,968.10 due to Jesus Rodriguez de la Cruz’s scheme. Continue Reading Former Morgan Stanley Financial Advisor Sentenced for Fraud Scheme
Caliber Launches 1031 Exchange Program
Caliber specializes in acquiring and managing multifamily residential, hospitality, and multi-tenant industrial assets in Arizona, Texas, and Colorado. Continue Reading Caliber Launches 1031 Exchange Program
Chicago Mayor Johnson Debuts ‘Build Better Together’ Initiative
Chicago under Johnson’s leadership is operating with a $1 billion deficit. Continue Reading Chicago Mayor Johnson Debuts ‘Build Better Together’ Initiative
Andrea Olshan to Step Down from Leadership at Seritage Growth Properties
Board Chairman Adam Metz, an independent member of the board since 2022, will serve as interim CEO and president. Continue Reading Andrea Olshan to Step Down from Leadership at Seritage Growth Properties
31,000 SF California Industrial Property Sells for $7.4 Million
The sale marks the final transaction involving the Southern California industrial asset portfolio acquired by the companies in 2020. Continue Reading 31,000 SF California Industrial Property Sells for $7.4 Million
Ex-Duke Football Player Charged in 2024 Killing of North Carolina Real Estate Agent
Whitney Hurd was reported missing by her family on July 11. Continue Reading Ex-Duke Football Player Charged in 2024 Killing of North Carolina Real Estate Agent
Andy Warhol’s Former Manhattan Townhouse Listed for Nearly $7 Million
Warhol lived at the property from 1960 to 1972. Continue Reading Andy Warhol’s Former Manhattan Townhouse Listed for Nearly $7 Million
Sundance Film Festival to Depart Utah for Boulder, Colorado
The festival signed a 10-year deal with Boulder’s city government. Continue Reading Sundance Film Festival to Depart Utah for Boulder, Colorado
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