The stronger-than-expected employment report is the catalyst for ending a five-week streak of declining mortgage rates, Freddie Mac reported. The 30-year fixed rate mortgage averaged 6.72% as of July 10, a gain of 5 basis points compared with the prior week when it averaged 6.67%, the Freddie Mac Primary Mortgage Market Survey reported. But it […]

Treasuries slipped ahead of a sale of 30-year US bonds that will provide a fresh test of demand for the type of long-dated government debt that has been under pressure globally. US 10-year yields were two basis points higher at 4.36% Thursday morning in New York, trimming a decline of seven basis points the previous

The real estate industry is facing a $173 million problem. That, according to the FBI, is how much consumers lost to real estate fraud in 2024. It’s a 19% increase from the previous year, and many analysts expect that number to keep rising in the coming years, spurred on in part by AI. AI is