Capital markets

The average rate for the 30-year fixed rate mortgage increased to its highest level since the British vote to exit the European Union, according to Freddie Mac.

American Homes 4 Rent has repaid the $342 million loan that serves as collateral for its first securitization of single-family rental properties.

Renovate America is marketing a $320.2 million securitization of Property Assessed Clean Energy bonds, its third of the year and eighth overall.

Starting in 2010, regulators warned banks about the risks associated with rising interest rates. The problem has turned out to be just the opposite: persistently low rates.

American International Group will provide reinsurance coverage on three years of United Guaranty's policies and that was an important consideration to do the deal with Arch, said AIG's Rob Schimek.

The owner of 9 West 57th St., an entity controlled by real estate developer Sheldon H. Solow, is using the loan to refinance the building, cashing out $485 million of equity in the process.

Regardless of who wins in November, the mortgage industry will see significant changes, but Hillary Clinton and Donald Trump would take very different approaches to housing and regulatory issues, said Mortgage Bankers Association President and CEO David Stevens.

Mortgage rates moved slightly lower for the week, helping to spur ongoing refinance activity, according to Freddie Mac.

Though the Federal Housing Finance Agency has yet to provide full details about its new refinancing program to be launched next year, some analysts and industry observers are already convinced it will have only a limited impact.

Affiliates of Goldman Sachs, Lone Star Funds and Neuberger Berman are among the winners of Fannie Mae’s latest nonperforming loans auction.