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Mortgage Rates Record Slight Uptick

Mortgage Rates Record Slight Uptick

by Phil Hall | Aug 15, 2024 | Current News & Events, Mortgage Information, Real Estate News, WRE News Exclusive

Mortgage rates recorded a slight uptick in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.49% as of Aug. 15, up from last week when it averaged 6.49%. A year ago at this time, it averaged...
Foreclosure Activity Up During July

Foreclosure Activity Up During July

by Phil Hall | Aug 15, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 31,929 U.S. properties had foreclosure filings during July, according to new data from ATTOM. This represents a 15% increase from June and up by a scant 0.2% from July 2023. Nationwide, one in every 4,414 housing units had a foreclosure filing last month....
They’re Here! ‘Poltergeist’ Home Listed for $1.17 Million

They’re Here! ‘Poltergeist’ Home Listed for $1.17 Million

by Phil Hall | Aug 14, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Simi Valley, California-based house that gained movie immortality as the haunted residence in the classic 1982 horror film “Poltergeist” has been listed for sale for the first time in 45 years. Built in 1979, the 0.37-acre property features a 2,373-square-foot...
Mortgage Application Activity Up Nearly 17%

Mortgage Application Activity Up Nearly 17%

by Phil Hall | Aug 14, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity recorded a healthy upswing in new data from the Mortgage Bankers Association (MBA) covering the week ending Aug. 9. The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 16.8% on a seasonally...

Rents Decline in All Bedroom Counts for First Time in 4 Years

by Phil Hall | Aug 13, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median asking rent declined year-over-year across all bedroom counts in July, according to new data from Redfin (NASDAQ:RDFN). This marks the first occurrence for across-the-board rent declines since June 2020. Median asking rents for 0- to 1-bedroom apartments...
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