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Utah Brokerage Homie Sues NAR, Claiming Organized Boycott
“Homie was subject to both express and tacit boycotts in Utah by incumbent brokerages,” said the lawsuit. Continue Reading Utah Brokerage Homie Sues NAR, Claiming Organized Boycott
FHFA Proposes 2025-2027 Housing Goals for Fannie Mae and Freddie Mac
The FHFA will accept comments on the proposed rule within 60 days of publication in the Federal Register. Continue Reading FHFA Proposes 2025-2027 Housing Goals for Fannie Mae and Freddie Mac
Additional Reading: Top Real Estate Industry News & Headlines
Below, find popular recent real estate articles from top industry sources.
Housing Voucher Scam Targets Michigan Residents
There are currently no housing choice voucher waiting lists open in Michigan. Continue Reading Housing Voucher Scam Targets Michigan Residents
Guest Opinion: The Impact of AI on Financial Stability
Acting Comptroller of the Currency Michael J. Hsu details the financial stability challenges created by artificial intelligence. Continue Reading Guest Opinion: The Impact of AI on Financial Stability
Cushman & Wakefield Executive Named New CEO at WeWork
John Santora takes the leadership of the co-working flex space provider. Continue Reading Cushman & Wakefield Executive Named New CEO at WeWork
Mortgage Rates Are Falling Fast But Homebuyers Aren’t Biting
Source: Forbes --- Mortgage rates have dipped for a fourth straight week, notching their biggest extended decline in 14 years. Despite the tumbling rates, demand for loans remains weak, with homebuyers looking for more incentives to jump back into the market. The...
Mortgage rates fall for the fourth week in a row
Source: CNN --- Mortgage rates dipped again this week, dropping for the fourth week in a row. The 30-year fixed-rate mortgage averaged 6.33% in the week ending December 8, down from 6.49% the week before, according to Freddie Mac. A year ago, the 30-year fixed rate...
Fitch Ratings reveals how much US house prices will drop in 2023
Source: MPA Mag --- US home prices are set to fall by 5% next year in line with substantial price falls in housing markets across the globe, according to a new report by Fitch Ratings. The ‘Global Housing and Mortgage Outlook – 2023’, which analyzed housing markets...
How does mortgage refinancing work?
Source: CBS News --- Refinancing your mortgage can be a great way to save money and improve your personal finances. With a refinancing, you replace your current mortgage with a new loan. The refi loan is used to pay off your old mortgage, and then you move forward...
Mortgage rates dropping as interest hikes could soon slow: Freddie Mac
Source: Fox Business --- The average 30-year mortgage rate decreased this week for the third consecutive week as markets gain confidence that interest rate spikes will slow in 2023, according to a new report by Freddie Mac. The average 30-year fixed-rate mortgage...
December Mortgage Rates May Seek Calm After Turbulent Year
Source: NerdWallet --- December mortgage rates forecast Interest rates on fixed-rate mortgages could stabilize or even drift lower in December. Lower mortgage rates would be a welcome respite to conclude a tumultuous year in which rising rates strained people's...
Dave Stevens on understanding this housing market
Source: Housing Wire --- I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets. And while my more recent roles were more senior in stature, my mind tends to think like I did when I was a top loan originator...
Mortgage demand falls again even as rates sink further
Source: CNBC --- Lower mortgage rates are pulling some current homeowners back to the refinance market, but not enough to offset the drop in demand from homebuyers. Mortgage application volume fell 1.9% last week compared with the previous week, according to the...
OneTrust Home Loans: About HECM reverse mortgages
Source: The Sentinel-Record --- What is a HECM reverse mortgage? Home Equity Conversion Mortgages, also known as reverse mortgage loans, were created more than 25 years ago to help Americans age 62 and older convert a portion of their home equity into tax-free money....
Most Affordable Housing Market In America
Source: 24/7 Wall St --- The housing market’s days of increasing prices every month are over. A two-year period when home prices rose by 20% each month year over year has been undermined by high mortgage rates that have doubled to about 6%. Affordability, defined...
