Is the housing market resilient amid rising mortgage rates above 6.7%?
Current mortgage rates reflect shifts in the market: 30-year conforming at 6.77%, FHA at 6.33%, jumbo at 6.89%, impacted by the rising 10-year yield.
April Sees 2.4% Decline in New-Home Purchase Applications Year Over Year
New-home purchase applications decline year-over-year as elevated rates lead buyers to favor FHA and VA loans for financing options.
Opendoor’s Relaunch: Attracting Agents with New RealScout Integration
Discover how the RealScout platform enhances agent efficiency by integrating offer management directly into their workflow for streamlined transactions.
ONE Sotheby’s International Realty enters the New Jersey market expansion.
Explore the new luxury real estate corridor connecting family-led affiliates from Florida to the Northeast, enhancing opportunities for private lenders in high-demand markets.
Zillow Requests Injunction Amid MRED’s Data Feed Cutoff Threat
Zillow pursues legal action as MRED plans to halt IDX and VOW feeds, raising concerns over listing display practices and licensing compliance among private lenders.
Listing Agent’s Demands Present Antitrust and Ethical Concerns
A buyer's agent highlights potential antitrust and ethics concerns after a listing agent mandates specific compensation forms and demands buyer agreements.
HUD Audit Indicates Potential Depletion of Some HECM LESA Accounts
HUD OIG audit reveals 1,237 HECM borrowers could exhaust LESA funds six years early, risking up to $258 million. Insights essential for private lenders.
Loan Officers Navigate Solutions as Mortgage Rates Exceed 6.6%
Loan officers are adjusting strategies to navigate rising mortgage rates above 6.6%, focusing on innovative solutions to maintain deal momentum in a challenging market.
Newrez introduces Rezi Mortgage Assistant for tailored lender guidance.
Newrez introduces Rezi Mortgage Assistant powered by ChatGPT, offering tailored mortgage insights for lenders as consumer interest in AI financial guidance grows.
Bright MLS Integrates Nationwide Listings Feed from Compass
Bright MLS will integrate Compass's nationwide listings feed, while Compass subsidizes some subscriptions. Expect enhanced flexibility this summer for private lenders.