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Fannie Mae Projects Higher Mortgage Rates For Longer Than Expected

USA Real Estate News-RISMedia - Wed, 2024-03-20 10:46

Fannie Mae’s most recent economic projections, up to March 2024, suggest that mortgage rates will remain elevated for a while longer.  Per Fannie Mae’s Economic and Strategic Research (ESR) Group, the 30-year mortgage rate is now projected to sit at 6.4% by the end of 2024–higher than the previously projected 5.9%. This will likely cause…

The post Fannie Mae Projects Higher Mortgage Rates For Longer Than Expected appeared first on RISMedia.

Bess Freedman says Trump is too late to sell Mar-a-Lago for bond

USA Real Estate News-Inman - Wed, 2024-03-20 10:39
Mar-a-Lago may be worth hundreds of millions, the Brown Harris Stevens CEO said, but there's certainly not "enough time" to offload it by Monday when Trump's $454 million bond is due.

Challenge to New York property tax system moves forward

USA Real Estate News-Inman - Wed, 2024-03-20 10:24
An appeals court issued a ruling on Tuesday stating that a lawsuit challenging New York's property tax system was mistakenly dismissed

Before NAR settlement, headcount hopes were losing steam: Intel

USA Real Estate News-Inman - Wed, 2024-03-20 04:00
Most brokerage leaders in February still expected to be better-staffed this time next year, the Intel Index found. But that optimism was weakening even before NAR's $418M settlement Friday.
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