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Hits and Misses for the Real Estate Week of Oct. 9-13

Hits and Misses for the Real Estate Week of Oct. 9-13

by Phil Hall | Oct 13, 2023 | Current News & Events, Hits and Misses, Real Estate News, U.S. Housing Market, WRE News Exclusive

Rising mortgage rates, rising foreclosure rates, and Bad Bunny’s rather pricey rental unit. From the wild and wooly world of real estate, here are our hits and misses for the week of Oct. 9-13. Miss: Up, Up and Oh No. The 30-year fixed-rate mortgage surged...
Mortgage Rates Surge Onward and Upward for Fifth Straight Week

Mortgage Rates Surge Onward and Upward for Fifth Straight Week

by Phil Hall | Oct 12, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The 30-year fixed-rate mortgage surged higher, averaging 7.57% as of Oct. 12, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). Last week, it averaged 7.49%, and a year ago at this time it averages 6.92%. “For the fifth...
Hits and Misses for the Real Estate Week of Oct. 2-6

Hits and Misses for the Real Estate Week of Oct. 2-6

by Phil Hall | Oct 6, 2023 | Commercial Real Estate News, Current News & Events, Hits and Misses, Real Estate News, U.S. Housing Market, WRE News Exclusive

A candidate for president talks about the housing market, a hospitality group does not want Los Angeles homeless people in the city’s hotels, and an old Iowa jail is up for sale. From the wild and wooly world of real estate, here are our hits and misses for the week...
30-Year Fixed-Rate Mortgage Surges to 7.49%

30-Year Fixed-Rate Mortgage Surges to 7.49%

by Phil Hall | Oct 5, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The 30-year fixed-rate mortgage spiked again, averaging 7.49% as of Oct. 5, according to new data from Freddie Mac (OTCQB: FMCC). This is up from last week when it averaged 7.31%. A year ago at this time, it averaged 6.66%. “Mortgage rates maintained their upward...
Mortgage Rates at Highest Peak in Almost 23 Years

Mortgage Rates at Highest Peak in Almost 23 Years

by Phil Hall | Sep 28, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates have reached a level not seen since Bill Clinton was in the White House, according to the latest Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 7.31% as of Sept. 28, up from last week when it...
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