11 March 2024
An overall downward trend results in lower average rates as of Monday, March 11, 2024. The week starts at 6.95% for a 30-year fixed mortgage and 6.94% for a 30-year fixed refinance, with rates for 15-year terms also lower than last week at 6.47% for purchase and 6.52% for refinance. The average rate on a […]
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11 March 2024
Another Loop office building is facing foreclosure, amid record office vacancy in Chicago. Wilmington Trust, along with special servicer LNR Partners, filed a foreclosure lawsuit this month against the real estate affiliate of consulting firm Alvarez & Marsal over missed loan payments for 205 West Randolph Street, Cook County court records show. Alvarez & Marsal […]
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07 March 2024
LOS ANGELES (AP) — The average long-term U.S. mortgage rate edged lower for the first time in five weeks, a welcome shift for home shoppers this spring homebuying season. The average rate on a 30-year mortgage slipped to 6.88% from 6.94% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged […]
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07 March 2024
IRVINE, Calif., March 7, 2024 /PRNewswire/ — ATTOM, a leading curator of land, property, and real estate data, today released a Special Housing Risk Report spotlighting county-level housing markets around the United States that are more or less vulnerable to declines, based on home affordability, underwater mortgages and other measures in the fourth quarter of […]
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07 March 2024
MIAMI — The Miami Seaquarium, an old-Florida style tourist attraction that was home to Lolita, the beloved Orca that died last year, is being evicted from the waterfront property it leases from Miami-Dade County. Miami-Dade County Mayor Daniella Levine Cava cited a “long and troubling history of violations” in a lease termination notice sent Thursday […]
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07 March 2024
Your Trusted Partner in Protecting Your Property Rights At Stop Foreclosure Fraud Company, we empathize with the anxiety and stress that often accompany the looming threat of foreclosure. That’s why our mission is to offer comprehensive solutions aimed at safeguarding your property rights. We are committed to guiding you through challenging times with confidence […]
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06 March 2024
Stocks recovered some of their losses from the day before, which was Wall Street’s worst in three weeks. The S&P 500 rose 0.5% Wednesday. The Dow added 0.2%, and the Nasdaq climbed 0.6%. Treasury yields edged lower after Federal Reserve Chair Jerome Powell said again that cuts to interest rates may be coming later this […]
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06 March 2024
OLD GREENWICH, Conn., March 06, 2024–(BUSINESS WIRE)–Ellington Residential Mortgage REIT (NYSE: EARN) (“we”, “us,” or “our”) today reported financial results for the quarter ended December 31, 2023. Highlights Net income (loss) of $12.4 million, or $0.75 per share. Adjusted Distributable Earnings1 of $4.6 million, or $0.27 per share. Book value of $7.32 per share as […]
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06 March 2024
According to data from Curinos, mortgage rates for a 30-year fixed-rate loan sit at 7.37%. This means they’re about the same as 7.37% last week. Last month, rates were at 7.31%, putting today’s rates higher and up from 5.96% last year. The 30-year fixed-rate average today is 1.76 percentage points below the 52-week high of […]
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04 March 2024
TROY, MI, USA, March 4, 2024 /EINPresswire.com/ — MortgagePros, a trusted name in the mortgage industry, is proud to announce tailored home loan solutions in Florida. With a commitment to excellence, MortgagePros aims to redefine the home financing experience by providing personalized solutions catering to Florida residents’ unique needs. Homebuyers in Florida can access MortgagePros’ […]
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01 March 2024
ATTOM’s analysis began in January 2014, a time when the nation was emerging from the shadows of economic uncertainty, with commercial foreclosures at 740 nationwide. Over the next decade, ATTOM tracked fluctuations, witnessing the highest spike in October 2014 with 889 foreclosures, indicating the ongoing market corrections and adjustments. However, the trajectory wasn’t a steady […]
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01 March 2024
The average rate on a 30-year fixed mortgage is 7.46%, and on a 15-year fixed-rate mortgage, it’s 6.68%. The average rate on a 30-year jumbo mortgage is 7.35%. The average mortgage rate for 30-year fixed loans rose slightly today to 7.46% from 7.44% last week, according to data from Curinos. This is up from last […]
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01 March 2024
U.S. home prices will rise steadily over the next few years amid prospects for modest interest rate cuts by the Federal Reserve and as many existing homeowners keep their doors closed to selling, according to property experts polled by Reuters. As aggressive Fed rate hikes have sharply pushed up the cost of standard 30-year mortgages […]
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29 February 2024
Bloomberg) — Pending US sales of previously-owned homes unexpectedly declined in January by the most in five months as elevated mortgage rates kept a lid on housing demand. A gauge of contract signings from the National Association of Realtors decreased 4.9% to 74.3, after surging to an eight-month high in December. The decline was steeper […]
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29 February 2024
Home-price growth in the US accelerated in December, capping a period with a steep drop in mortgage rates. Prices nationally rose 5.5% from a year earlier, according to data from S&P CoreLogic Case-Shiller. That’s larger than the 5% annual gain in November. San Diego had the biggest year-over-year gain, at 8.8%, of the 20 cities […]
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29 February 2024
IRVINE, Calif. – Feb. 29, 2024 — ATTOM, a leading curator of land, property, and real estate data, today released its fourth-quarter 2023 U.S. Residential Property Mortgage Origination Report, which shows that 1.35 million mortgages secured by residential property (1 to 4 units) were issued in the United States during the fourth quarter, representing a 13.8 percent […]
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27 February 2024
A media release says this is the fourth time in a little more than six years that the city of Henderson has pursued a mass foreclosure action to recover back taxes and code enforcement liens. Before the city’s foreclosure action in 2017, there had not been any foreclosure proceedings since 1989. That 1989 action was […]
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27 February 2024
Just 16,180 new and resale home transactions closed escrow in California during January 2024. Home sales volume was down 12% from the prior month and up 8% from a year earlier, when sales volume was just starting its downward path, which continues today. While sales volume year-to-date (YTD) is 8% above a year ago, compared to 2019 — the […]
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27 February 2024
Cory Johnson waited for his turn on the February 14 evictions docket at the Oklahoma County Courthouse. His 11-year-old daughter, Hazyl, tried to get comfortable on a hard wooden bench, resting her head on his shoulder, his arm, his lap. Johnson had to pick up Hazyl from school and bring her to court because she […]
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26 February 2024
WASHINGTON (Reuters) -Sales of new U.S. single-family homes rose less than expected in January amid a sharp decline in the South region, but demand for new construction remains underpinned by a persistent shortage of previously owned homes. New home sales increased 1.5% to a seasonally adjusted annual rate of 661,000 units last month, the Commerce […]
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26 February 2024
U.S. economy: The economy grew at a much stronger than expected pace during 2023, defying expectations of a recession. (According to economists surveyed by the Wall Street Journal in January 2023, the likelihood of recession in 2023 was around 65%). The year ended on a strong note, with Q4 Real GDP growing at 3.3%, well above […]
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26 February 2024
Welcome to Investopedia’s economics live blog, where we’ll explain what the day’s news says about the state of the U.S. economy and how that’s likely to affect your finances. Here we will compile data releases, economic reports, quotes from expert sources and anything else that helps explain economic issues and why they matter to you. […]
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