Freddie Mac

Existing-Home Sales Backpedal, Decrease 0.4 Percent in May

WASHINGTON/ June 20, 2018 (STLRealEstate.News) — Existing-home sales fell back for the second straight month in May, as only the Northeast region saw an uptick in activity, according to the National Association of Realtors®. Total existing-home sales1, https://www.nar.realtor/existing-home-sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, decreased 0.4 percent to a … Continue reading Existing-Home Sales Backpedal, Decrease 0.4 Percent in May

US home sales fell 0.4 percent in May amid inventory crunch

WASHINGTON/June 20, 2018 (AP)(STLRealEstate.News) — U.S. existing home sales slipped 0.4 percent in May, as the prolonged shortage of properties on the market is deterring home-buying. The National Association of Realtors said Wednesday that homes sold at a seasonally adjusted annual pace of 5.43 million in May, the second straight monthly decline. Sales have tumbled … Continue reading US home sales fell 0.4 percent in May amid inventory crunch

US long-term mortgage rates jump; 30-year at 4.62 percent

WASHINGTON/June 14, 2018 (AP)(STLRealEstate.News) — Long-term U.S. mortgage rates jumped this week after two straight weeks of declines, reaching their second-highest level this year. Against a backdrop of rising interest rates in the economy, long-term loan rates have been running at their highest levels in seven years. And the Federal Reserve on Wednesday raised its … Continue reading US long-term mortgage rates jump; 30-year at 4.62 percent

The Appraisal Foundation Hosts National Appraisal Forum to Discuss Appraisal Waivers and Hybrid Appraisals

WASHINGTON/ June 9, 2018 (STLRealEstate.News) — The Appraisal Foundation today convened the largest national gathering of organizations with an interest in valuation to provide a forum on emerging appraisal issues. Representatives from the Foundation’s two advisory councils, representing approximately 100 companies, non-profit organizations, and government agencies, were in attendance to hear presentations and exchange thoughts … Continue reading The Appraisal Foundation Hosts National Appraisal Forum to Discuss Appraisal Waivers and Hybrid Appraisals

US average mortgage rates fall; 30-year at 4.56 percent

WASHINGTON/May 31, 2018 (AP)(STLRealEstate.News) — Long-term U.S. mortgage rates fell this week, breaking a steady climb that pushed them to their highest levels in seven years. Mortgage buyer Freddie Mac says the average rate on 30-year, fixed-rate mortgages was 4.56 percent, down from 4.66 percent last week. Amid the peak home buying season, the average … Continue reading US average mortgage rates fall; 30-year at 4.56 percent

US home sales fell 2.5 percent in April

WASHINGTON/May 24, 2018 (AP)(STLRealEstate.News) — U.S. sales of existing homes tumbled 2.5 percent in April — with the costs of buying a home jumping and would-be buyers facing a persistent shortage of properties on the market. The National Association of Realtors said Thursday that homes sold last month at a seasonally adjusted annual pace of … Continue reading US home sales fell 2.5 percent in April

US average mortgage rates at 7-year highs; 30-year 4.66 pct.

WASHINGTON/May 24, 2018 (AP)(STLRealEstate.News) — Long-term U.S. mortgage rates rose this week, continuing at their highest levels in seven years amid the peak home buying season. Mortgage buyer Freddie Mac said Thursday the average rate on 30-year, fixed-rate mortgages was 4.66 percent, up from 4.61 percent last week. Pushing toward the significant 5 percent level, … Continue reading US average mortgage rates at 7-year highs; 30-year 4.66 pct.

US average mortgage rates at 7-year highs; 30-year 4.61 pct.

WASHINGTON/ May 18, 2018 (AP)(STLRealEstate.News) — Long-term U.S. mortgage rates jumped this week, marking their highest levels in seven years amid the peak home buying season. The benchmark 30-year rate pushed toward the significant 5 percent level. Mortgage buyer Freddie Mac said Thursday the average rate on 30-year, fixed-rate mortgages was 4.61 percent, up from … Continue reading US average mortgage rates at 7-year highs; 30-year 4.61 pct.