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Mortgage rates jump the most since April, adding pressure on real estate market Mortgage rates in the U.S. rose for a second straight week, reaching the highest level since early September. The average for a 30-year fixed loan was 6.32%, up from 6.12% last week, Freddie Mac said in a statement Thursday. It was the…

Detroit’s once-tallest building is up for sale What was once Detroit’s tallest building is up for sale.   The Ford Building, located at 615 Griswold St. at West Congress Street, does not have a disclosed asking price. It’s been on the market about a month, with the Southfield office of Dallas-based commercial real estate giant CBRE Inc….

Megasite development ignites hopes and fears in Flint area To Don Ludwig, it feels like déjà vu. His yard backs up to the megasite in Mundy Township, where his wife Dawn’s grandparents built their house along a tract of farmland near Flint in 1965. For the past two years, economic developers have been quietly assembling…

Out-of-state fund aims to invest $11M in ‘buy, fix, rent’ effort in Detroit A Boston-based institutional investment firm aims to deploy around $11 million in the coming years to increase the supply of Detroit’s affordable housing stock. Acrtaris Impact Investors LLC, which manages a variety of real estate funds, working in concert with Detroit-based real…