Top Headlines
The Real Brokerage Acquires RE/MAX Holdings for $880 Million
Going forward, the new Real REMAX Group will be headquartered in Miami with significant operations remaining in the Denver area. Continue Reading The Real Brokerage Acquires RE/MAX Holdings for $880 Million
California’s Partner Real Estate Joins LPT Realty
“We believe LPT gives Rudy Kusuma and the Partner Real Estate team the competitive edge in flexibility, tools, and infrastructure to accelerate their wins,” said Michael Valdes, CEO of LPT International. Continue Reading California’s Partner Real Estate Joins LPT Realty
Trump Expects Rate Cuts with Warsh as Fed Chief, But Warsh Stresses Fed Independence
“The president never once asked me to commit to any particular interest rate decision, and nor would I agree to it if he had,” Warsh said. Continue Reading Trump Expects Rate Cuts with Warsh as Fed Chief, But Warsh Stresses Fed Independence
More White-Collar Jobs in Construction Industry Than Trades Work
“The changing workforce composition also coincides with declining self-employment rates in construction, suggesting a shift toward larger firms,” said NAHB’s Natalia Siniavskaia. Continue Reading More White-Collar Jobs in Construction Industry Than Trades Work
Two Texas Realtor Groups Announce Merger Plans
The merger will require the approval of the National Association of Realtors to become official. Continue Reading Two Texas Realtor Groups Announce Merger Plans
Mortgage Rates Down for Third Straight Week
Sam Khater, Freddie Mac’s chief economist, observed, “Rates currently stand at their lowest level in the last three spring homebuying seasons.” Continue Reading Mortgage Rates Down for Third Straight Week
Mortgage Application Activity Up 8%
The FHA share of total applications remained unchanged at 18.2% from the week prior. Continue Reading Mortgage Application Activity Up 8%
PennyMac Unveils Special Mortgage Program for Team USA Olympic Athletes
PennyMac Financial Services Inc. (NYSE: PFSI) and PennyMac Mortgage Investment Trust (NYSE: PMT), the Official Mortgage Provider of Team USA and the 2028 Los Angeles Olympic and Paralympic Games, had unveiled the “Welcome Home: Athlete Mortgage Program,” an initiative...
Invesco Mortgage Capital Promotes Kevin Collins to CEO
Collins will succeed John Anzalone, who is retiring on April 30 after a nine-year tenure as CEO. Continue Reading Invesco Mortgage Capital Promotes Kevin Collins to CEO
Mortgage Rates Decline for Second Straight Week
“Mortgage rates declined this week to a four-week low of 6.30%,” said Sam Khater, Freddie Mac’s chief economist. Continue Reading Mortgage Rates Decline for Second Straight Week
Refinancing Surge Drives Up Mortgage Application Activity
The Refinance Index increased 5% and was 15% higher than the same week one year ago. Continue Reading Refinancing Surge Drives Up Mortgage Application Activity
Mortgage Applications for New Home Purchases at 14-Year High
“Government applications, which include FHA, VA, and USDA/RHS loans, accounted for more than half of applications received,” said MBA’s Joe Kan. Continue Reading Mortgage Applications for New Home Purchases at 14-Year High
National Mortgage Bankers Promotes Yasser Valdes Herrera to President of Americasa Mortgage Platform
Herrera first joined the company in 2022 as a loan officer before being promoted to producing sales manager. Continue Reading National Mortgage Bankers Promotes Yasser Valdes Herrera to President of Americasa Mortgage Platform
Mortgage Credit Availability Improved in March
“Credit availability increased modestly in March to its highest level since August 2022,” said MBA’s Joel Kan. Continue Reading Mortgage Credit Availability Improved in March
Mortgage Rates Inch Down
The 30-year fixed-rate mortgage averaged 6.37% as of April 9, down from last week when it averaged 6.46%. Continue Reading Mortgage Rates Inch Down
