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Punxsutawney Phil this week suggested that winter will stick around for a bit, and the same can also be said for several rates that are maintaining their levels. This week, I’m going to cover the latest data on the U.S. labor market and mortgage...

Freddie Mac Mortgage Rates—Feb. 6, 2025 What happened to mortgage rates this week The Freddie Mac rate for a 30-year loan fell 6 basis points to 6.89% this week. Rates remained stubbornly high in recent weeks as markets adjusted to the seemingly ever-changing economic...

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Sales of newly constructed single-family homes rose last month, and prices ticked higher, defying mortgage rates that stuck close to 7%. Signed contracts for new homes were at a seasonally adjusted annual rate of 698,000 in December, up 3.6% from the prior month, the...

Florida’s luxury housing market has been blessed with another historic property—this time in the form of an extraordinary $150 million compound with three jaw-dropping mansions on the exclusive enclave of Palm Island. Just one week after a pre-construction property in Manalapan, FL, made headlines...

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The Florida real estate market, already a hot ticket and getting ever steamier, is set to hit a new high courtesy of a remarkable new listing. Behold America’s “most expensive new construction home” that’s landed on the market in Manalapan for a massive $285...

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High mortgage rates might be the norm today, but it wasn't that long ago that buyers had a historically extraordinary chance to lock in a 2% to 3% rate.

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As temperatures plummeted over the festive season, so did the level of activity in the residential real estate market, which experienced its strongest seasonal slowdown in nearly two years. “Homes spent 70 days on the market, the slowest December in five years and the...

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Mortgage rates inched up again from 6.85% last week to 6.91% for the average 30-year fixed home loan for the week ending Jan. 2, according to Freddie Mac. “Inching up to just shy of seven percent, mortgage rates reached their highest point in nearly...

By Keith Griffith Dec 30, 2024 Envelope Facebook Twitter Linkedin Pinterest Share Pending home sales rose in November despite higher mortgage rates and lingering affordability challenges, as buyers took advantage of growing supply. Signed contracts for existing homes increased 2.2% last month from October,...

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Mortgage Rates Rise to 6.85% After Fed Projected Fewer Cuts in 2025 By Keith Griffith Dec 26, 2024 Envelope Facebook Twitter Linkedin Pinterest Share Mortgage rates rose again from 6.72% last week to 6.85% for the average 30-year fixed home loan for the week...

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Real estate mogul Ben Mallah is sharing with his followers how he built his massive property empire, which includes a $16 million mansion." /

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“Mean Girls” star Lizzy Caplan celebrated the 20th anniversary of the hit movie this year—and now she’s ready to mark another milestone before the end of 2024: selling one of her first real estate investments. Caplan, 42, who shot to fame as Janis Ian...

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High mortgage rates all but froze the housing market after hitting a peak of 7.79% peak nearly a year ago—but they’re finally falling and boosting buying power along with it. Last week, mortgage rates dropped to 6.2% last week , which is the lowest...

All she wants for Christmas is an IOU ? The holidays may be months away, but singer Mariah Carey is making headlines right now by reportedly having racked up an astounding $18.6 million in mortgage debt on her Tribeca penthouse. The powerhouse singer has...

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By Kristine Hansen Sep 16, 2024 Envelope Facebook Twitter Linkedin Pinterest Share The affluent city of Lake Forest, IL —33 miles north of Chicago and hugging Lake Michigan—has always been a haven for pricey real estate. But a new listing takes the cake because...

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By Julie Taylor Sep 12, 2024 Envelope Facebook Twitter Linkedin Pinterest Share High mortgage rates put the real estate market in a slump in the final month of summer—but, they could also provide a runway for buyers to jump into a less competitive market...