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Mortgage rate hits 50-year low of 2.98%

The average of rates for 30-year fixed-rate mortgages is now at the lowest point in 50 years.

Home sales suffered in April, but hopeful hints appear

In case the were any doubters, new reports from three sources agree that home sales have suffered as a result of the COVID-19 pandemic. The...

NAR sees mixed effects of COVID on real estate; Freddie Mac...

The chief economist for the National Association of Realtors (NAR), Lawrence Yun, says while the COVID-19 pandemic and societal response such as social distancing...

Raveis Real Estate meets with U.S. Treasury over new tax code’s...

“There’s now less incentive to get a larger mortgage because you can’t deduct it," says Ryan Raveis. "For younger generations particularly, who are typically loaded down with student debt and are living at home, home ownership of their own – which has always been seen as a way of building equity – is getting harder to come by.”

CT Housing Finance Authority adds new mortgage for first-time homebuyers

The Connecticut Housing Finance Authority's Freddie Mac HFA Advantage loan offers lower mortgage insurance costs.

DOJ sues Bank of America for $1 billion

A Manhattan U.S. attorney is suing Bank of America Corp. for over $1 billion for allegedly selling defective mortgages from at least 2007 through 2009.

Mortgage rates hit new low

The average 30-year fixed mortgage rate is at an all-time low of 3.4 percent.

Blumenthal warns FHFA

U.S. Sen. Richard Blumenthal spoke out against plans by the Federal Housing Finance Agency to hike fees on Connecticut borrowers.

Bridgeport sues Fannie, Freddie

The city of Bridgeport filed a class action lawsuit Aug. 20 against Fannie Mae and Freddie Mac, claiming the two companies haven't paid taxes in real estate transfers.

New York to see less of $25B mortgage settlement

The settlement between the top mortgage servicers and 49 states may be felt less in New York than in states with weaker housing markets.