The rate for a 30-year fixed-rate mortgage was 6.38% this week, up from 6.22% last week, according to Freddie Mac. A year ago, the rate was 6.65%. The rate for a 15-year fixed-rate mortgage was 5.75%, up from 5.54% last week. A year ago, the rate was 5.89%.
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...









