Sign In
Free Newsletter
30-year US mortgage rate falls to 6.3% lowest in a year
The average rate on a 30-year U.S. mortgage edged lower this week, returning to its lowest level in about a year. The average long-term mortgage rate slipped to 6.3% from 6.34% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.32%. The modest drop brings the average rate back to […]
State to allocate $15M to support workforce housing
The Virginia Workforce Housing Investment program will distribute an additional $15 million to support workforce housing development.
Newport News targets 12 sites for development
During a economic development summit on Thursday, Newport News city leaders unveiled 12 sites they want to see redeveloped.
30-year mortgage rate rises to 6.34% after recent lows
WASHINGTON (AP) — The average rate on a 30-year U.S. mortgage ticked up for the second straight week following a string of declines that had brought down home borrowing costs to their lowest level in nearly a year. The average long-term mortgage rate rose this week to 6.34% from 6.3% last week, mortgage buyer Freddie […[...]
Virginia AG sues Zillow, Redfin over $100M agreement not to compete
Virginia Attorney General Jason Miyares filed an antitrust lawsuit against real estate website Zillow and Redfin.
Hampton Roads projects under construction or recently delivered
Bon Secours Harbour View Medical Center, Suffolk In May, Bon Secours opened its three-story, 100,000-square-foot Harbour View Medical Center in Suffolk. The facility, which adjoins the existing Bon Secours Health Center at Harbour View, came with a price tag of about $85 million. Harbour View Medical Center, which includes 18 pr[...]
Hampton Roads grows warehouses, industrial projects
Despite a nationwide slowdown in industrial growth, Hampton Roads has major projects in its pipeline. In Virginia Beach, Amazon is wrapping up work on its five-floor, 3.2 million-square-foot robotics fulfillment center, the second part of a $350 million project that includes a 219,000-square-foot delivery station that opened las[...]
Hampton Roads housing market remains competitive
Hampton Roads home prices hit a $375K median in June as low inventory drives demand, with new builds expanding in Suffolk and New Kent.
30-year U.S. mortgage rate edges up to 6.3%
The average 30-year U.S. mortgage rate rose to 6.3%, ending a four-week decline, according to Freddie Mac.
Virginia housing sales remained flat in August but prices rose
Virginia Realtors reports that the state's housing market sales remain essentially unchanged from last year’s August numbers.
Stanley Martin Homes to acquire North Carolina homebuilder
Reston homebuilder Stanley Martin Homes has entered into an agreement to acquire North Carolina-based Windsor Homes’ assets and operations.
US mortgage rates fall as Fed cuts interest rates
U.S. mortgage rates fell for a third week, with 30-year loans at 6.26%, as the Fed cut rates and signaled more reductions ahead in 2025.
