Mortgage Rates Exceed 6.75% Amid Ongoing Inflation Uncertainty
30-year conforming mortgage rates average 6.77%, while jumbo loans at 6.75%, reflecting hawkish Fed messaging and rising 1-year inflation expectations at 3.7%.
Brokerage Success in Retention and Recruiting Depends on Pipeline Timing
Analysis reveals that agent switching risk correlates with inactivity rather than canceled listings, showing a 15.6% switch rate after 6+ months with no new listings.
Rocket Pro’s Power Play Provides Same-Day Approvals and Quick Closures
Rocket Pro enhances borrower experience by offering same-day conditional approvals and streamlined 12-business-day closings, along with pricing credits.
Kelley Blue Book Introduces New Home Valuation Platform
Kelley Blue Book Homes expands to 10 states, offering consumer valuations, agent subscriptions, and lead generation, creating new opportunities in real estate.
Zane Burnett on AI Success: Emphasizing Clean Data Over Hype
Zane Burnett of The Agency discusses the critical role of AI in enhancing operational efficiency for private lenders, prioritizing effectiveness over ROI.
UWM may benefit from the termination of the Two Harbors agreement, KBW reports.
KBW reports that UWM mitigates leverage risk following Two Harbors' loss. A potential dividend cut could reduce its debt-to-equity ratio significantly by 2027.
Mortgage Industry Sees Continued Activity with 266 Originators Switching Jobs
Last week, 266 originators changed employers and 1,823 secured NMLS licenses. Additionally, a new Agent Loyalty Index was introduced for enhanced insights.
Gen Z Achieves Record Mortgage Rate Lock Share in Second Quarter
Generation Z made significant strides in the housing market, locking 20% of home purchases in Q2, highlighting their growing influence despite affordability issues.
Improved Mortgage Spreads Sustain Positive Home Sales Trends
Mortgage spreads have improved to 2.01%, maintaining rates around 6.60%. Total pending sales increased to 422,120, compared to 396,652 last year.
Compass International Holdings Launches Home Platform for Brokerage Brands
Compass International Holdings plans to launch its Home Platform across @properties, Coldwell Banker Realty, Corcoran, and Sotheby’s brands this summer.