Real Estate News:

Rise in Rates Is Headwind for Housing: U.S. 30-year mortgage rates have jumped above 5% for the first time since last spring, in a rapid rise that could present a challenge to the still-troubled housing market.
Fannie, Freddie Phaseout Proposed: The Obama administration unveiled a proposal for winding down mortgage giants Fannie Mae and Freddie Mac, spelling out three options for what could take their place.
Brookfield Properties’ Profit Falls 6.5%: Brookfield Properties’ fourth-quarter earnings fell 6.5%; the real-estate investment trust’s occupancy was stable and funds from operations were flat.
The Home Front: A DIY Retreat With a Deadline: A couple bet they can build their home on a slim budget and in time for their wedding.
Relative Values: Big Houses: A look at big houses asking around $5 million in Atlanta, Seattle and Portland, Ore.
Private Properties: Miramax’s Tutor Leases Out Mansion: Ron Tutor, one of the new owners of Miramax Films, has leased his 19,000-plus square-foot mansion outside Los Angeles for $25,000 a month, plus expenses like utilities.