The 30-year fixed-rate mortgage continued its ascent to the dreaded 8% level in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 7.79% as of Oct. 26, up from last week when it averaged 7.63%. A...
Southern First Bancshares Inc. (NASDAQ: SFST), holding company for Southern First Bank, has opened its new Dream Mortgage Center in Columbia, South Carolina. According to the company, the Dream Mortgage Center was created to provide homebuyer education and outreach in...
Mortgage applications activity continued to decline, according to data from the Mortgage Bankers Association (MBA) for the week ending Oct. 20. The Market Composite Index, the trade group’s measure of mortgage loan application volume, was down by 1% on both a...
The long-running animated television series “Family Guy” had fun with reverse mortgages in general and the American Advisors Group advertisements featuring Tom Selleck in particular on its latest episode that aired Sunday night on Fox. In the episode, the perennially...
Vancouver-based Lendesk Technologies, a fintech provider for Canada’s mortgage professionals and a part of Rocket Companies (NYSE: RKT), has introduced Lender Spotlight AI Assistant, a new product designed to sift through a database containing thousands of mortgage...
The eviction of a Chinese-owned agtech company from Arkansas farmland, a Fed officer who acknowledged the central bank’s negative impact on housing and a big ball of fun on the Las Vegas Strip. From the wild and wooly world of real estate, here are the hits and misses...
