Mortgage Rates Fall to 7.24% After Fed Holds, D.R. Horton Profit Drops & Michael Jordan’s $29M Mansion Mistake | Northern Virginia Housing News

Hughes on Housing is Glenn Hughes’ podcast on Northern Virginia, DC and Maryland real estate news. The Federal Reserve held rates at 3.75%–4.00% in a 10-2 vote, and 30-year mortgage rates fell to 7.24%, the lowest level this month. D.R. Horton, America’s largest homebuilder, reported lower quarterly profit, another sign new-construction buyers have leverage. Plus […]

Hughes on Housing is Glenn Hughes’ podcast on Northern Virginia, DC and Maryland real estate news.

The Federal Reserve held rates at 3.75%–4.00% in a 10-2 vote, and 30-year mortgage rates fell to 7.24%, the lowest level this month. D.R. Horton, America’s largest homebuilder, reported lower quarterly profit, another sign new-construction buyers have leverage. Plus a homeowner safety reminder as clocks fall back, and the Locker Room: Michael Jordan listed his Highland Park mansion for $29 million and sold it 13 years later for $9.5 million. Three seller mistakes behind the airball: personalization, location and ego. And why everyone needs a bye week.

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Hughes on Housing, Episode 8.

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