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Foreclosure Activity Up 13% Year-Over-Year

Foreclosure Activity Up 13% Year-Over-Year

by Phil Hall | Aug 14, 2025 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 36,128 residential properties had foreclosure filings in July, up 11% from the prior month and up 13% from one year earlier. According to data from ATTOM, one in every 3,939 housing units had a foreclosure filing in July. The states with the worst...
Report: Cash-Out Refinances Fuels Most Refinancing Activity

Report: Cash-Out Refinances Fuels Most Refinancing Activity

by Phil Hall | Aug 11, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Cash-out refinances accounted for 59% of all refinance transactions in the second quarter, according to new data published in Intercontinental Exchange’s (NYSE: ICE) August 2025 Mortgage Monitor report, which noted 70% of those borrowers accepted higher interest...
Price Premium for New Construction Drops to Record Low

Price Premium for New Construction Drops to Record Low

by Phil Hall | Aug 7, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The price premium for new construction compared to existing homes dropped to a record low of 7.8% during the second quarter, according to new data from Realtor.com. The median list price for a newly built home in the second quarter was $450,797, essentially flat from...
Multifamily Developer Confidence Up Slightly During Q2

Multifamily Developer Confidence Up Slightly During Q2

by Phil Hall | Aug 7, 2025 | Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Multifamily developers expressed increased a slightly higher degree of confidence in their market during the second quarter, according to the latest Multifamily Market Survey (MMS) released by the National Association of Home Builders (NAHB). The MMS produces two...
Mortgage Rates Decline to Lowest Level Since April

Mortgage Rates Decline to Lowest Level Since April

by Phil Hall | Aug 7, 2025 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The 30-year fixed-rate mortgage averaged 6.63% as of Aug. 7, down from last week when it averaged 6.72%, according to the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). A year ago at this time, it averaged 6.47%. The 15-year fixed-rate...
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