It’s a buyer’s market, but homeowners are still recouping all-time high sales prices. Sellers are netting an average sales price of $400,266 over the four weeks ending June 22, according to Redfin. That figure is up 1.6% from the same time last year, in a housing market currently beset by near 7% mortgage rates and […]
Sellers net all-time high sales prices to close spring Read More »
New reports show that the strategies used by three major government-backed mortgage agencies to help delinquent borrowers keep their homes make financial sense for the entities themselves. Fannie Mae, Freddie Mac and the Federal Housing Administration save billions of dollars over time by giving loans a chance to reperform, Housing Risk and Policy Advisors found
Home retention saves Fannie, Freddie and FHA billions Read More »
Treasuries fell Friday but remained on course for a third straight weekly gain, with benchmark yields near the lowest levels since early May. Traders squared their positions to start the session, pushing yields up and snapping a five-day rally. Inflation gauges in US economic data were firmer than expected, leading traders to pare bets on
Fed-driven bond rally stalls with yields lowest since May Read More »