Average Mortgage Rates Increase
Rates on 30-year mortgages rose to 6.44% from 6.32% last week, according to Freddie Mac. Rates on 15-year mortgages rose to 5.63% from 5.41%.
Seller Profit Margins Drop Slightly Across U.S.
Returns on typical U.S. home sales remain high but dipped down quarterly and annually, ATTOM found. Median raw profits hold steady at just under $130,000.
Report: August National Rent Growth Slow, Steady
U.S. single-family rent prices were up by 2.4% year over year in August, the lowest rate of growth recorded since last fall, CoreLogic reported.
Helene and Milton Among Costliest Hurricanes
Hurricanes Helene and Milton are expected to rank among the most expensive storms, but insured losses are expected to be lower than previous storms.
Listing Agreement Questions? NAR Has Answers
NAR released a new Consumer Guide focused on listing agreements to educate customers working with real estate professionals.
New Hurricane Aid Available for Repairs
Operation Blue Roof, which provides free tarps for damaged homes, opened for applications, and HUD announced a 90-day foreclosure moratorium on FHA-insured mortgages.
Small Business Disaster Loan Program Out Of Money
House Speaker Mike Johnson said new funding might not come until after the November election. Other disaster relief programs are available, including FEMA help.
Want the Best Mortgage Rate? Do this
Buyers should keep a close eye on their credit reports, control their debt-to-income ratio and maintain a strong employment record, among other things.
AI Streamlining the Real Estate Listing Process
AI is being used to improve efficiency for tasks that include lead generation, scheduling meetings and follow-up communications.
Navigating the Insurance Claims Process
Contact your insurance company soon after a disaster to make a claim and document the damages. FEMA aid is available for some home and business owners.