FHFA Delays the Refi Fee On Tuesday, August 25, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac would delay the implementation of the controversial Adverse Market Refinance Fee. The fee, previously set to take effect September 1,...
Real Estate Market: Rural Home Prices Jump The Coronavirus pandemic seems to be pushing homeowners from cities into rural and suburb areas. According to a July study by Redfin, before the pandemic 9% of homebuyers said they were looking for a home in rural areas....
Median Home Prices Rose in July According to the Housing Recovery Index put out by Realtor.com, listing price growth increased $27,000 (8.5%) Y-o-Y to $349,000 in July – a new high in median U.S. home prices. Danielle Hale, chief economist at Realtor.com notes that,...
Mortgage Rates Hover at Historic Lows Mortgage rates continue to hover at near historic lows according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS®). Interest rates on 30 year fixed-rate mortgages averaged 2.99% for the week ending July 30, 2020 - slightly...
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