Residential Real Estate

Home Renovation Spending Strong in Q1, Expected to Continue

Home Renovation Spending Strong in Q1, Expected to Continue

The robust pace of spending on home renovations and repairs is expected to stay strong over the coming quarters, according to the Leading Indicator of Remodeling Activity released today by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.

Freddie Mac Weekly Mortgage Rates

Freddie Mac Weekly Mortgage Rates

Treasury yields rose ahead of the release of the Fed’s Beige Book and speeches from New York Fed President William Dudley and Fed Governor Randal Quarles.

Sales Drop, Prices Rise in February

Sales Drop, Prices Rise in February

Single-family home sales in Connecticut fell 3 percent in February compared to February 2017, while the median sale price spiked 7.2 percent, according to the latest report from The Warren Group, publisher of The Commercial Record.

Freddie Mac Weekly Mortgage Rates

After dropping earlier this week on trade-related anxiety in financial markets, the benchmark 10-year Treasury stabilized on Wednesday, but at a level slightly lower than from the start of last week. Mortgage rates followed and fell for the second consecutive week.

‘Tax Transcript’ Program Doesn’t Shield Borrowers’ Data

In an era of unceasing horror stories about breaches of sensitive consumer information, here’s some disquieting news for homebuyers: Federal auditors say the popular “tax transcript” program run by the IRS and used by millions of mortgage applicants a year lacks adequate security protections against disclosures of tax-return details to people who shouldn’t be allowed to obtain them.

Barclays to Pay $2B US Fine Over Mortgage Fraud Claims

Barclays has agreed to pay $2 billion for allegedly causing billions of dollars of losses to investors by engaging in a fraudulent scheme to sell residential mortgage-backed securities between 2005 and 2007, the U.S. Justice Department said on Thursday.