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US average fixed mortgage rates increase to 4.33 percent on soft housing market data

The average long term fixed mortgage rates went up this week as the housing market slowed down a little. The average 30-year interest rates went up to reach 4.33 percent from the 4.27 last week, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS).

London’s Gherkin Building placed into receivership as owners go bankrupt

The famous Gherkin Building at 30 St. Mary Axe, in London has reportedly been placed into a receivership after VG Immobilien AG, owners of the building defaulted on a loan it took to purchase the building.

Jerry Buss’ California mansion sells for $5.1 million

The California home of Jerry Buss, the deceased dynamic owner of the famous NBA team 'LA Lakers' has reportedly sold for $5.45 million.