Increased mortgage rates reduce applications following the holiday week.
Mortgage applications declined as the 30-year fixed rate reached 6.65%. However, refinance activity increased by 4%, while purchase applications dropped by 7%.
Will the housing market continue to grow with mortgage rates above 6.64%?
Amid high rates exceeding 6.64%, purchase applications fell 7% weekly and 2% annually, yet pending sales remain robust, indicating market resilience.
Zillow’s Challenges: MRED and Compass Claim Self-Inflicted Issues
Zillow faces allegations of a group boycott by MRED and Compass, with defendants claiming Zillow's issues stem from self-inflicted wounds, not monopolistic practices.
Mortgage Lender Launches New Division Featuring Saunas and Cold Plunges
Discover how a mortgage lender is expanding its services by introducing wellness amenities like saunas and cold plunges, emphasizing the connection between health and wealth.
Alec Baldwin’s Hamptons Estate Listing Status Changes Again
Explore the complexities of Alec Baldwin's fluctuating Hamptons estate listing. Insights into market trends and celebrity real estate dynamics await.
FHFA to Eliminate ‘Reputational Harm’ Consideration in Counterparty Suspensions
The Federal Housing Finance Agency is considering removing "reputational harm" as grounds for suspending firms and individuals linked to Fannie Mae and Freddie Mac.
NAR Provides Clarity on Office Exclusive Listings and MLS Regulations
NAR guidance clarifies office exclusive listings, pre-marketing statuses, disclosure requirements, and CCP rules for MLS entry within one business day.
Cody Barbo of Trust & Will discusses how financial stress impacts estate planning.
Homeowners face financial anxiety, prompting interest in estate planning and reverse mortgages as viable options for accessing home equity and securing futures.
Iran Conflict Drives Up Mortgage Rates While Housing Demand Remains Strong
Pending sales increased to 63,971, reflecting growing market activity. Inventory stands at 844,011 while price cuts have slightly decreased, indicating potential trends.
Missouri Realtors Organize Rally Opposing Two Ballot Amendments
Missouri realtors rally against proposed amendments, with a $1 million opposition fund, highlighting the ongoing political dynamics in real estate.