Mortgage rates dip despite Fed holding steady
“Mortgage rates are likely to remain stubbornly above 6.5% for the rest of 2024,” Lewis said in a statement. “The Federal Reserve says it expects to cut short-term interest rates...
New home mortgage applications increase amid FHA borrower growth
MBA estimated that new single-family home sales reached a seasonally adjusted annual rate of 702,000 units in May, the strongest pace since October 2023. A key driver of this growth...
Should NYC renters pay broker fees? City debates reform
However, the real estate industry has fiercely opposed the legislation, warning it could sow chaos in the rental market and devastate the livelihoods of the city's roughly 25,000 real estate...
Planet Home Lending expands presence in Florida
Reber most recently served as senior vice president and regional manager at CrossCountry Mortgage. Before that, he held various managerial roles at several mortgage banks, including U.S. Bank, EverBank, TIAA...
First-time homebuyer activity a bright spot in subdued market
Speaking with Mortgage Professional America, MBA’s vice president and deputy chief economist Joel Kan (pictured top) said the first-time homebuyer cohort was accounting for “pretty strong” demand across the US...
Guaranteed Rate re-enters securitization market with prime jumbo deal
Read more: Banks pull back on risky residential real estate loans "Our securitization program is the cornerstone of our ability to offer reliable jumbo financing to our customers and referral...
MBA names 2025 vice chairman
Success Mortgage Partners CEO to take on the role Source link
These are the metro areas most vulnerable to housing market downturns
Significant homeownership costs—mortgage payments, property taxes, and insurance—on median-priced single-family homes and condos consumed more than one-third of average local wages in 36 of the 50 most vulnerable counties. Nationwide,...
Mortgage applications surge as VA borrowers take advantage of lower rates
“Mortgage rates were trending lower over the course of last week until a stronger than anticipated employment report resulted in a bounce back,” MBA chief economist Mike Fratantoni said in...
Almost half of employees worldwide suffer from burnout: report
"Essentially, employees who are more burned out feel less included at work," it noted. How to beat burnout Gabrielle Novacek, a managing director and partner at BCG, underscored that inclusion...