Inflation data is good news for real estate in 2024
Today’s inflation reports show that Federal Reserve rate cuts are in play in 2024 — not because of the labor market breaking, but...
PrimeLending recruits several more top-producing LOs in Texas
PrimeLending, a Texas-based retail mortgage bank, added 12 new loan originators as it attempts to grow market share within its existing Texas footprint.
Among...
Council of MLSs welcomes new board members
The Council of Multiple Listing Services announced its new board of director members for 2024 on Tuesday. The MLS trade group said the...
loanDepot launches fully automated underwriting engine
California-based mortgage lender loanDepot on Tuesday announced the launch of its fully automated underwriting engine called melloNow.
The new system, which has been in beta-testing for...
Mortgage rates fell 67 bps in November. Production was still down 10%
In the mortgage business, November typically represents the start of the slow season. While mortgage rates cooled down significantly from October, it wasn’t...
Consumer prices rose moderately in November, but housing prices remain sticky
Inflation continued to edge down in November on a monthly basis, reinforcing the likelihood that the Federal Reserve holds interest rates steady at...
Homeowners are getting worried about flood insurance costs
Homeowners are increasingly concerned with flood insurance premium hikes impacting affordability, Fannie Mae‘s latest national flood survey showed.
Despite people’s personal flooding experience, consumers...
Builders rediscover a tool from the 1980s that keeps new home prices from falling
While sellers of existing homes have struggled with rising rates and softening demand, homebuilders have not only survived, but thrived in this market...
6% mortgage rates are back (for select borrowers)
“We see a little bit of pickup but not like you normally would because of seasonality,” Overfelt added.
If rates continue to drop, some...
Redfin expands new pay plan to two new California markets
After a successful launch of its new agent pay structure in Los Angeles and San Francisco in late October, Redfin announced Monday that...
