REAL ESTATE

Rich people ditched NYC for these random cities

Miami was positioned as the alternative to New York City during the pandemic, but a new report shows that the Sunshine State wasn’t the top destination for wealthy buyers fleeing the Big Apple — it was Denver.

Mortgage refinancing initiative to help lower-income borrowers

The federal regulator of Fannie Mae and Freddie Mac unveiled a new program Wednesday aimed at helping more households lock in historically low interest rates, targeting lower-income borrowers who have missed out on the refinancing boom of the past year

Mortgage rates reversing after uptick

According to Freddie Mac's Primary Mortgage Market Survey, the average 30-year fixed mortgage rate dipped by nearly ten basis points to 3.04% for the week ending April 15, compared to 3.13% the prior week and 3.31% a year ago.