The 30-year fixed-rate mortgage averaged 7.09% as of Aug. 17, according to new data from Freddie Mac’s (OTCQB:FMC)) Primary Mortgage Market Survey. Last week, this mortgage averaged 6.96%, while one year ago it averaged 5.13%. The current level is the highest in...
A Washington D.C., jury ruled in favor of stockholders who disputed the federal government’s handling of Fannie Mae (OTC:FNMA) and Freddie Mac (OTC:FMCC) during the 2008 financial crisis. The jury ruled that the Federal Housing Finance Agency (FHFA) acted...
A coalition of 18 national trade associations representing the stakeholders in the housing industry sent a letter to Federal Housing Finance Agency (FHFA) Director Sandra Thompson warning that mandatory rent control and rent stabilization policies will increase rents,...
Mortgage rates continued their upward odyssey for the third week in a row, coming within a hair of the 7% mark. According to the Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC), the 30-year fixed-rate mortgage averaged 6.96% as of Aug. 10, up from last...
A Phil Hall Op-Ed: Perhaps the most dramatic economic story of the past week involved the decision by Fitch Ratings to downgrade of the U.S. credit rating from “AAA” to “AA+.” Fitch defined its decision as the result of “a steady deterioration in standards of...
Gencom, White Bridge Capital Acquire 652-Room InterContinental Miami
