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Current Mortgage Interest Rates: August 4, 2022—Mortgage Rates Trend Higher
Source: Forbes --- Today, the average rate on a 30-year fixed mortgage is 5.54%, according to Bankrate.com, while the average rate on a 15-year mortgage is 4.80%. On a 30-year jumbo mortgage, the average rate is 5.54%, and the average rate on a 5/1 ARM is 4.16%.
Omaha commercial real estate summit to address changing industry
Source: Omaha Daily Herald --- The commercial real estate world is changing by the day with rising interest rates, supply chain delays and re-envisioning the modern office space. Professionals in the industry will gather for the annual Commercial Real Estate Summit...
Rocket Mortgage Debuts Program to Lower Home Loan Payments
Homebuyers are eligible if they are purchasing a single-family home and have income equal to or less than 80% of their area median income. Continue Reading Rocket Mortgage Debuts Program to Lower Home Loan Payments
BlackRock in New Pact to Expand Saudi Arabian Real Estate Finance Market
BlackRock did not issue a press release announcing the pact. Continue Reading BlackRock in New Pact to Expand Saudi Arabian Real Estate Finance Market
New Alert Raises Concerns of Tax Evasion Schemes in Canadian Real Estate
“Canada’s real estate sector is used by criminals to facilitate tax evasion and money laundering,” said the new alert. Continue Reading New Alert Raises Concerns of Tax Evasion Schemes in Canadian Real Estate
David M. Gillece, Baltimore-Area Development Director and Real Estate Executive, Dies at 74
“David was a civic leader who got the job done and he didn’t need any acclaim,” said Wally D. Pinkard Jr., former CEO of Colliers Pinkard. Continue Reading David M. Gillece, Baltimore-Area Development Director and Real Estate Executive, Dies at 74
Canada Public Land Bank to Feature Federal Properties That Can Support Housing
Among the properties within the new entity are five sites that now intended for leasing and ready for builders. Continue Reading Canada Public Land Bank to Feature Federal Properties That Can Support Housing
John Good Named CEO at VineBrook Homes Trust
The company also announced the appointment of Paul Richards as chief financial officer, assistant secretary and treasurer. Continue Reading John Good Named CEO at VineBrook Homes Trust
Blake Johnson to Become CFO at Granite Point Mortgage Trust
He will succeed Marcin Urbaszek, who announced he is stepping down. Continue Reading Blake Johnson to Become CFO at Granite Point Mortgage Trust
Hits and Misses for the Real Estate Week of Aug. 19-23
A new NAR leader, a jaw-dropping data revision and more Britons buying homes are part of the week’s Hits and Misses. Continue Reading Hits and Misses for the Real Estate Week of Aug. 19-23
Maine Home Sales Rise by Nearly 11%
The $399,250 median sales price in July was a 5.07% uptick from the $380,000 in July 2023. Continue Reading Maine Home Sales Rise by Nearly 11%
Feds Sue Software Firm RealPage, Alleging Collusion with Landlords on Rent Hikes
Attorney General Merrick Garland said the company created a “new way to scheme with landlords to break the law.” Continue Reading Feds Sue Software Firm RealPage, Alleging Collusion with Landlords on Rent Hikes
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