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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...
Mortgage Rates Flat, But Still Above 7%

Mortgage Rates Flat, But Still Above 7%

by Phil Hall | Sep 21, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The 30-year fixed-rate mortgage averaged 7.19% as of Sept. 21, according to data from Freddie Mac (OTCQB: FMCC). This is up slightly from last week when it averaged 7.18%. A year ago at this time, it averaged 6.29% “Mortgage rates continue to linger above 7% as the...
Mortgage Rates Are Back on the Rise

Mortgage Rates Are Back on the Rise

by Phil Hall | Sep 14, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates resumed their upward trajectory and stayed above the dreaded 7% mark in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 7.18% as of Sept. 14, up from last week when it averaged...
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