Month: April 2022

Saul Loeb | AFP | Getty Images Rising interest rates are crushing the mortgage market, as precious few homeowners can now benefit from a refinance and more potential homebuyers become priced out. Total mortgage application volume fell another 6% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.
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The average rate on the popular 30-year fixed mortgage just crossed 5%, now standing at 5.02%, according to Mortgage News Daily. This is the first time it has crossed that threshold since 2011, save two days in 2018. It stood at 3.38% one year ago today.  Mortgage rates, which follow loosely the yield on the
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Four-time Grammy-winning Scottish singer-songwriter Annie Lennox, also a 2004 Golden Globe and Oscar winner in the original song category, has put down architecturally significant real estate roots in Los Angeles with the not quite $4.4 million purchase of a scrupulously restored and smartly expanded 1960s high-modernist pavilion designed by eminent mid-century architects Conrad Buff and
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Real estate accounts for an estimated 40% of global greenhouse gas emissions, with 12% of that in the United States alone, according to the EPA. Buildings mostly operate on fossil fuels, and their surfaces leak a lot of air, releasing cooling and heating out into the atmosphere. Add the construction industry to that and the
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