Current News & Events
Mortgage Rates Tick Up Again
The 30-year fixed-rate mortgage averaged 6.53% as of May 28, up from last week when it averaged 6.51%, which marked a nine-month high. Continue Reading Mortgage Rates Tick Up Again
Sales of New Single-Family Homes Declined While the Median Sale Price Increased
The median sales price of new houses sold in April was $422,500, up 8.0% from the March price of $391,100. Continue Reading Sales of New Single-Family Homes Declined While the Median Sale Price Increased
Bright MLS: Mid-Atlantic Home Sales Down in August
There were 6,000 sales in August across the Philadelphia metro area, a 1.7% drop from last August. Continue Reading Bright MLS: Mid-Atlantic Home Sales Down in August
TransUnion: More People Sharing Rent Payment Data with Credit Reporting Agencies
The report found more than half of renters (57%) are more likely to rent from a property manager who reports payments. Continue Reading TransUnion: More People Sharing Rent Payment Data with Credit Reporting Agencies
Interior Dept. Proposes Junking Biden-Era Conservation Rule on Public Lands
The proposed rule is now open to a 60-day comment period, with input welcomed from the public. Continue Reading Interior Dept. Proposes Junking Biden-Era Conservation Rule on Public Lands
MISMO Publishes Standard for Electronic HELOCs
The SMART Doc V3 Verifiable Profile allows document data to travel with the PDF and then be automatically verified with the document image. Continue Reading MISMO Publishes Standard for Electronic HELOCs
Senate Banking Committee Approves Miran’s Nomination for Fed Board
Miran will require confirmation from the full Senate within the next few days if he is to participate in the Fed’s next rate policy meeting. Continue Reading Senate Banking Committee Approves Miran’s Nomination for Fed Board
Denver Broncos Unveil Plans for New Stadium
The new stadium is being scheduled to be completed in time for the 2031 NFL season. Continue Reading Denver Broncos Unveil Plans for New Stadium
Mortgage Application Activity Up 9.2%
The seasonally adjusted Purchase Index increased 7% from one week earlier but the unadjusted index retreated by 6%. Continue Reading Mortgage Application Activity Up 9.2%
Judge Temporarily Blocks Trump from Removing Lisa Cook from the Fed
“Removal was not meant to be based on the President’s assumptions about the official’s future performance as extrapolated from unproven conduct dating from before they assumed the office,” said Judge Cobb, Continue Reading Judge Temporarily Blocks Trump from Removing Lisa Cook from the Fed
Zillow Rolls Out AI-Powered Virtual Staging Feature
Virtual Staging is the first major integration of technology from Virtual Staging AI, which was first introduced through Zillow’s October 2024 acquisition of that company. Continue Reading Zillow Rolls Out AI-Powered Virtual Staging Feature
Compass Taps Ethan Glass as Chief Legal Officer
Glass most recently served as head of the global antitrust and competition practice at Cooley LLP. Continue Reading Compass Taps Ethan Glass as Chief Legal Officer
