Mortgage Rates Go Up, Up and Away
Mortgage rates were soaring again in the latest Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.57% as of May 25, up from last week when it averaged 6.39%. A year ago at this time, the rate averaged 5.10%. The...
MBA: Net Loss Tumult Eased for Independent Mortgage Banks in Q1
There was bad news and good news for independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks during the first quarter of this year. The bad news: these entities reported a net loss of $1,972 on each loan they originated during the quarter,...
Zillow Debuts ChatGPT Plugin
Zillow Group (NASDAQ: Z, ZG) has reinforced its place on the artificial intelligence bandwagon with its new Zillow ChatGPT plugin. According to the Seattle-headquartered company, the plugin enables use of conversational language for inquiring about specific property...
planetRE Unveils Aelo.Ai virtual staging platform
planetRE, a San Jose-based enterprise software company, is now offering Aelo.Ai, a fully automated artificial intelligence (AI) virtual staging platform designed to allow real estate agents and builders to show buyers and prelisted sellers a variety of home interior...
Spotlight On: Five New Real Estate Books
So, have you read any good books lately? If you’re in the market for an engrossing and invigorating new book focused on the real estate world, here are five new titles that might satiate your bibliophile needs. “The Agent’s Edge: Secret Strategies to Win Listings and...
;
CMBS DELINQUENCY RATE DROPS BY FIVE BASIS POINTS. Learn more at https://wrenews.com/cmbs-delinquency-rate-drops-by-five-basis-points/
JEF CONN NAMED 2024 BOARD CHAIRMAN OF TEXAS REALTORS. Learn more at https://wrenews.com/jef-conn-named-2024-board-chairman-of-texas-realtors/
MBA’S BROEKSMIT EXPRESSES ‘SIGNIFICANT CONCERN’ OVER PAUSING FORECLOSURES ON VA-GUARANTEED LOANS. Learn more at https://wrenews.com/mbas-broeksmit-expresses-significant-concern-over-pausing-foreclosures-on-va-guaranteed-loans/
