The rate for a 30-year fixed-rate mortgage averaged 6.77% this week, down from last week when it averaged 6.89%. A year ago, the 30-year rate was 6.78%. The rate for a 15-year fixed-rate mortgage averaged 6.05%, down from last week when it averaged 6.17%. A year ago, the rate was 6.06%.
Treasury proposes rule to bar large institutional investment in single-family homes
A large institutional investor is defined as an investor that has direct or indirect control over at least 350 homes. Penalties for violating the law can range from $1 million to three times the purchase price of the...









