As 2023 draws to a close, housing professionals hope for relief from the high mortgage rates, terrible inventory levels and slow sales that characterized the year. They may find that relief for mortgage rates next […]
Top U.S. mortgage lender United Wholesale Mortgage (UWM) is offering discounted rates on some government loans until January for brokers to create their own “refi boom,” the company announced on Wednesday. The initiative includes three new exclusive […]
The median asking rent in November declined 2.1% from one year ago to $1,967, according to new data from Redfin (NASDAQ:RDFN). This represents the biggest annual drop since February 2020; the decline from October was 0.6%. “Renters […]
As 2023 winds to a close, so too does a brutal year for the housing market, a year marked by rising rates, steep home prices, scarce inventory and anemic mortgage originations, compared with the boom […]
Mortgage application activity was on the rise again, according to data from the Mortgage Bankers Association (MBA) for the week ending Dec. 8. The MBA’s Market Composite Index was up by 7.4% on a seasonally […]
Rocket Homes is looking to make your daily commute part of your home search experience. The company announced Tuesday that the Rocket Homes iOS app is now available on the infotainment screen of a user’s […]
The Federal Open Markets Committee (FOMC) held its short-term policy interest rate steady at a range of 5.25% to 5.5% at its last meeting of the year on Wednesday. It was the fourth pause recorded […]
Compass’ chief operating officer Greg Hart will leave the brokerage at the end of the year, according to a document filed with the Securities and Exchange Commission on Tuesday. According to the filing, Hart’s position […]
The Federal Reserve has opted to ring out 2023 by keeping rates unchanged. The central bank’s policy making Federal Open Market Committee voted unanimously to hold the federal funds rate in the range of 5.25% […]
Government sponsored enterprise Freddie Mac has approved mortgage technology company Truv for both payroll verifications and consumer-permissioned income. With the new integration, lenders will have access to the Truv platform to obtain and transmit information […]
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