Real Estate News

May Delivers 20% Increase in Homes Sales Ahead of Peak Months 

The latest national housing report for May reveals a seasonal, 20% increase in home sales over April, as well as an 8.7% uptick in new listings. While sales are

 Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey^® (PMMS^®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.69 percent.

“Mortgage rates decreased slightly this week in anticipation of the pause

• Roughly 4 in 5 homeowners with mortgages have an interest rate below 5%, and nearly one-quarter have a rate below 3%. 
• With rates now close to 7%, many homeowners aren’t moving, which is intensifying a shortage of
  

Study of 314 U.S.-based mortgage professionals finds faster commission payments, increased flexibility to be key factors to retention and overall satisfaction.

Everee, a leading payroll technology company upending the two-week pay cycle, today released its 2023 Mortgage

Fannie Mae previously announced in November 2022 that: ​

• Fannie Mae is reevaluating its 2022 stress test results and the associated report due to our recent identification of errors in an underlying model; and​
• Once this evaluation is complete, we will post
  

• All-cash home purchases reached their highest level since 2014 in April as high mortgage rates drove down overall home sales more than all-cash sales. 
• The typical buyer’s down payment dropped 18% from a year earlier, ond of
  

Inflation-fighting Fed policy could still trigger a brief recession later this year, UCLA Anderson Forecast says

With the release of the UCLA Anderson Forecast’s June 2023 report, there is some good news: The U.S. economy is not in a recession — yet. But