Author Archives: leonardrealestategroup

MORTGAGE RATES PUSH CLOSER TO THE 8% MARK via themreport.com — Further stretching affordability for potential buyers, Freddie Mac’s latest Primary Mortgage Market Survey (PMMS) shows that the 30-year fixed-rate mortgage (FRM) averaged 7.63% for the week ending October 19, up six … Read More

POTENTIAL HOMEBUYERS RETREAT AS RATES REMAIN ELEVATED via dsnews.com — New listings of U.S. homes for sale have ticked up 2% since the start of September, and they haven’t fallen as much from summer to fall as they typically do, according to … Read More

MORTGAGE APPS FALL TO 28-YEAR LOW via themreport.com — The Mortgage Bankers Association (MBA) has released its Weekly Mortgage Applications Survey for the week ending September 29, 2023, which found a 6% week-over-week decline in overall mortgage application volume, as the purchase … Read More