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Mortgage Rates Still Going Up
After exceeding 7% last week, the 30-year fixed-rate mortgage (FRM) continued to rise, this week averaging 7.17%, up from last week’s average of 7.10%, according to the latest Primary Mortgage Market Survey® (PMMS®) released by Freddie Mac Thursday. This week’s numbers: The 30-year FRM averaged 7.17% as of April 25, 2024, up from last week…
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Anywhere Q1 Results: Slide Continues With Net Loss of $101 Million
In a Q1 2024 earnings call Apr. 25, Anywhere Real Estate reported a $101 million loss for the quarter, continuing a downward, though not as deep, trend for the last few quarters. Generated revenue was $1.1 billion, which follows revenue of $1.250 billion in Q4 2023, down 6% from Q4 2022, when it was $1.323…
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