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30-Year Fixed-Rate Mortgage Downticks to 10-Month Low

30-Year Fixed-Rate Mortgage Downticks to 10-Month Low

by Phil Hall | Aug 28, 2025 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The 30-year fixed-rate mortgage averaged 6.56% as of Aug. 28, according to the latest Primary Mortgage Markey Survey published by Freddie Mac (OTCQB: FMCC). The latest reading is down from last week when it averaged 6.58%. A year ago at this time, it averaged 6.35%....
Pending Home Sales Down 0.4% in July

Pending Home Sales Down 0.4% in July

by Phil Hall | Aug 28, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Pending home sales during July were down by 0.4% month-over-month but were up 0.7% year-over-year, according to the National Association of Realtors (NAR). On a regional basis, pending sales were down in the Northeast and Midwest from June into July, but were up in...
Median Mortgage Payments Down Slightly in July

Median Mortgage Payments Down Slightly in July

by Phil Hall | Aug 28, 2025 | Current News & Events, Mortgage Information, Real Estate News

The national median mortgage payment in July was $2,127, down from $2,172 in June, according to data from the Mortgage Bankers Association (MBA). On a year-over-year basis, the sum was down $13, equal to a 0.6% decrease. The national median mortgage payment for...
Survey: More Than Half of Canadians Who Own US Homes Plan to Sell Within Next Year

Survey: More Than Half of Canadians Who Own US Homes Plan to Sell Within Next Year

by Phil Hall | Aug 27, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

More than half (54%) of Canadians who currently own residential property in the US say they are planning to sell within the next year, according to a new survey conducted by Royal LePage Real Estate Services. Nearly two-thirds (62%) of those potential Canadian sellers...
Report: Home Sellers Retreating from Market, Creating Wider Imbalance with Buyers

Report: Home Sellers Retreating from Market, Creating Wider Imbalance with Buyers

by Phil Hall | Aug 27, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The housing market has lost about 14,000 home sellers over the past two months, according to data from the Rocket Companies (NYSE: RKT) division Redfin. This marked the first decline in sellers in two years. By the end of July, the total number of home sellers was...
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