January 2, 2025
Bill Cosby, the disgraced comedian who has been accused of sexual assault by dozens of women, now has two Manhattan townhouses facing foreclosure Cosby, 87, allegedly defaulted on a mortgage for his 12,000-square-foot Upper East Side house after not making… Continue Reading…
Listen to this article WASHINGTON — U.S. mortgage rates rose this week to the highest level since July. The benchmark 30-year fixed rate loan rose to 6.91% from 6.85% last week, according to mortgage giant Freddie Mac. It was at… Continue Reading…
The average rate for a 30-year mortgage in the United States reached a six-month high this week and also leapfrogged the rate during the same stretch one year ago. Why It Matters High mortgage rates and home prices have kept… Continue Reading…
While rates have risen by nearly a percentage point since late September, buyers appear to have “recalibrated expectations” — and home sales have improved. Key points: The 30-year fixed-rate mortgage averaged 6.91% this week, the highest level since July. Even… Continue Reading…
Freddie Mac (FMCC) reported that mortgage rates have reached their highest levels since July, with the 30-year fixed-rate mortgage (FRM) averaging 6.91%, up from 6.85% last week and 6.62% a year ago. The 15-year FRM… Continue Reading…
New year, same old real estate market: The high mortgage rates, scarce inventory and dismal affordability that have plagued housing look set to linger into 2025. There were some signs of improvement late last year. Pending home sales rose for… Continue Reading…
U.S. mortgage rates rose this week to the highest level since July. The benchmark 30-year fixed rate loan rate rose to 6.91% from 6.85% last week, according to mortgage giant Freddie Mac. It was at 6.62% a year ago. The… Continue Reading…
U.S. mortgage rates rose this week to the highest level since July. FILE – A sale sign stands outside a home on the market Thursday, Oct. 17, 2024, in the east Washington Park neighborhood of Denver. (AP Photo/David Zalubowski, File)(AP/David… Continue Reading…
WASHINGTON (Reuters) – U.S. mortgage rates jumped to a six-month high this week, suggesting that a recent improvement in home sales could be temporary. The average rate on the popular 30-year fixed-rate mortgage increased to 6.91%, the highest level since… Continue Reading…
A federal judge in New Jersey sentenced Chaim “Eli” Puretz to 24 months in prison for his role in a multi-million mortgage fraud scheme. U.S. District Court Judge Robert Kirsch cited that Puretz should be “treated very differently from his… Continue Reading…