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Average Long-Term US Mortgage Rate Climbs Above 7% to Highest Level Since Late November

The average rate on a 30-year mortgage rose to 7.1% from 6.88% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.39%.

A Top Fed Official Opens Door to Keeping Rates High for Longer

Federal Reserve Vice Chair Philip Jefferson suggested Tuesday that the central bank’s key rate may have to remain at its peak for a while to bring down persistently elevated inflation.

Homebuyers’ Quandary: To Wait or Not To Wait for Lower Mortgage Rates

While an average rate on a 30-year home loan of just under 7% is not far from the historical average, that’s little consolation to homebuyers.

Oil and Gas Companies Must Pay More to Drill on Federal Lands Under New Biden Administration Rule

Officials said the proposal will lead to a more responsible leasing process that provides a better return to U.S. taxpayers and focuses oil and gas drilling in areas most likely to be developed.

Real Estate / Banking & Finance

Average Long-Term US Mortgage Rate Climbs Above 7% to Highest Level Since Late November

The average rate on a 30-year mortgage rose to 7.1% from 6.88% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.39%. read more >
Real Estate / Banking & Finance

Homebuyers’ Quandary: To Wait or Not To Wait for Lower Mortgage Rates

While an average rate on a 30-year home loan of just under 7% is not far from the historical average, that’s little consolation to homebuyers. read more >
Real Estate / Banking & Finance / Construction / Industry

Relyance Bank Set to Build Benton Office

White Hall’s Relyance Bank is working to establish a third Saline County location. read more >
Real Estate / Business Services / Construction / Industry / Restaurants & Food / Retail / Tourism

Regal Inn Transaction Checks In at $3M (Real Deals)Lock Icon

Titan General Contractors LLC, led by Abigail Reaves and Debra Hope, purchased the 150-room hotel in North Little Rock. read more >
Lafayette Building at 523 Louisiana St. in Little Rock.
Real Estate / Construction / Health Care / Industry / Retail / Tourism

Historic Lafayette Building Set for $11M RemodelLock Icon

Little Rock’s Baldwin & Shell Construction Co. is set to remodel six floors of the building in downtown Little Rock. read more >
Real Estate / Banking & Finance

Average Long-Term US Mortgage Rate Edges Closer to 7%, Rising to Highest Level Since Early March

The average rate on a 30-year mortgage rose to 6.88% from 6.82% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.27%. read more >
Real Estate / Banking & Finance / Energy / Government & Politics / Insurance / Transportation

Higher Gas and Rents Keep US Inflation Elevated, Likely Delaying Fed Rate Cuts

The costs of owning a vehicle were a key reason why prices jumped last month: Auto insurance surged 2.6% in March and are up a dramatic 22% from a year ago. read more >
Real Estate / Investments

Investors Pushing for Fatter Yields on Mortgage-Backed Securities May Undercut Easing Mortgage Rates

Mortgage rates are expected to come down later this year, but any benefit to homebuyers could be muted by developments in the market for financial instruments tied to mortgages. read more >
Real Estate / Construction / Education / Industry

Baldwin & Shell to Build $147M Little Rock West High School CampusLock Icon

This week’s million-dollar deals and construction kicks off with a $147 million construction contract to build a new high school. read more >
Real Estate / Business Services / Construction / Industry / Restaurants & Food / Retail / Transportation

Landmark Acquisition Tops $38M Mark (Real Deals)Lock Icon

Landmark Apartments II LLC, led by Sam Alley, sold phase 2 of its namesake complex at 1600 Rushmore Ave. to a group of 17 limited liability companies. read more >
Real Estate / Banking & Finance

Average Long-Term US Mortgage Rate Rises Modestly This Week, Holding Just Below 7%

LOS ANGELES (AP) — The average long-term U.S. mortgage rate rose modestly this week, holding below 7% as it has for much of this year. The average rate on a […] read more >
Real Estate / Investments

Tempus Acquires 3 Industrial Properties to Complete $50.9M Portfolio

It's the Little Rock-based real estate investment partnership's first acquisition of 2024. read more >
Real Estate / Construction

Micro-Apartments are Back After Nearly a Century, as Need for Affordable Housing Soars

There's concern that this type of affordable housing is not an ideal fit for an especially vulnerable group — families. read more >
Real Estate / Industry / Investments / Legal

Summit House Apartments Faces ForeclosureLock Icon

Highland Midtown Apartments LLC and Thorson Highland Midtown LLC, both of Wilmette, Illinois, borrowed $17.9 million from Ready-Cap Commercial LLC of Irving, Texas, to buy the Summit House at 400 N. University Ave. in 2021. read more >
Real Estate / Agriculture & Poultry / Industry / Manufacturing / Tourism

Arco to Build New Elopak Plant at Little Rock Industrial PortLock Icon

A packaging plant and a North Little Rock hotel take the stage this week in this round-up of million-dollar deals and construction. read more >
Real Estate / Construction / Government & Politics / Health Care / Industry / Retail

McCain Sears Site Sells for $2.3M (Real Deals)Lock Icon

Anchor Realty Investments LLC, led by Alan and Jessica Bubbus, purchased the land and the 159,000-SF former Sears store at 3929 McCain Blvd. read more >
Real Estate / Banking & Finance / Business Services / Industry / Retail

4 Promoted at First Financial Bank (Movers & Shakers)

Rebekah Biernacki, Stewart Chandler, Bart Greene & Alan Meadows have all been promoted. read more >
Real Estate / Construction

US Home Prices Median Hits $417,700

The median sale price of a house sold in the United States stood at $417,700 in the fourth quarter of 2023. Although high by historical standards, that was a decline […] read more >
Real Estate / Media & Marketing / Retail

Artists to Get Space at Park Plaza Mall

The mall's new owners are getting creative with empty spaces at the shopping center, which has about a 90% occupancy rate. read more >
Real Estate / Retail

Skyline Report: Northwest Arkansas Commercial Vacancy Rate Holds Steady

The region continues to see new space enter the market and get leased fairly quickly. read more >