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NMP News

Survey Affirms Sweet REIT Net Return

Handshake Building Pic

Real estate investment trusts (REITs) received a major vote of confidence in a soon-to-be-released survey that found these vehicles generated the highest net return of all asset classes among 900 corporate and public defined benefit plans.Click to continue

HELOC Share of Total Loans Hits Highest Mark in Six Years


The national volume of originations for home equity lines of credit (HELOCs) has reached its highest volume in five years, yet they remain roughly three-quarters below their peak year periods in 2005-2006, according to RealtyTrac’s first-ever U.S. Home Equity Line of Credit Trends Report.Click to continue

Boston Seeks 53,000 Housing Units By 2030


In one of the most ambitious municipal housing expansion programs to be announced this year, Boston Mayor Martin J. Walsh issued a report that envisions the creation of 53,000 new housing units by 2030, with a special focus on supporting the residential needs of low- and moderate-income residents and seniors.Click to continue

New York Remains Capital of Global Real Estate Investment


For the fourth consecutive year in a row, New York City was named the world’s largest real estate investment market, according to latest edition of Cushman & Wakefield’s Annual “Click to continue

Low and Stable Mortgage Rates Remain as QE Begins Wind Down

Mortgage Rates/Credit: Comstock Images

Rates on the most popular types of mortgages declined for a second consecutive week according to's Weekly Mortgage Rates Radar. The average rate for conforming 30-year fixed-rate mortgages (FRMs) fell by five basis points (0.05 percent) to 4.19 percent. Conforming 5/1 Hybrid ARM rates decreased by one basis point, closing the Wednesday-to-Tuesday wraparound weekly survey at an average of 3.22 percent.Click to continue

Zillow: Fixed-Rate Mortgages Fall to 11-Week Low

House Keys/Credit: Digital Vision

The 30-year fixed-rate mortgage (FRM) on Zillow Mortgages is currently 3.96 percent, down 12 basis points from this time last week. The 30-year FRM spiked to 4.30 percent on Wednesday, then hovered around 4.06 percent for most of the week before falling to the current rate.Click to continue