
Average Mortgage Rates Increase
Rates on 30-year mortgages rose to 6.44% from 6.32% last week, according to Freddie Mac. Rates on 15-year mortgages rose to 5.63% from 5.41%.
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Seller Profit Margins Drop Slightly Across U.S.
Returns on typical U.S. home sales remain high but dipped down quarterly and annually, ATTOM found. Median raw profits hold steady at just under $130,000.
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Report: August National Rent Growth Slow, Steady
U.S. single-family rent prices were up by 2.4% year over year in August, the lowest rate of growth recorded since last fall, CoreLogic reported.
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Helene and Milton Among Costliest Hurricanes
Hurricanes Helene and Milton are expected to rank among the most expensive storms, but insured losses are expected to be lower than previous storms.
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