by Liz Ruggiero | May 5, 2023 | Agents, Brokers, Industry News, Latest News, National, News, Premier, Teams |
Despite continued market challenges—high mortgage rates, low inventory and high home prices—Rocket Companies’ executives reported “solid results” for Q1 2023. “We’re encouraged by the fact that consumer demand for homes is robust, and we’re seeing a...
by Liz Ruggiero | May 5, 2023 | Agents, Brokers, Industry News, Latest News, National, News, Premier, Teams |
Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. According to Mortgage News Daily, the 30-year fixed-rate mortgage currently sits at 6.45%, a decrease of 0.04% from...
by Liz Ruggiero | May 4, 2023 | Agents, Brokers, Latest News, Lead Story, National, News, Premier, Teams |
In an earnings call on Wednesday, May 3, Ryan Schneider, Anywhere Real Estate president and CEO, put a positive spin on Q1 2023 losses, but while emphasizing that the brokerage giant “charged ahead to make meaningful progress on our strategic priorities,” Wall...
by Liz Ruggiero | May 4, 2023 | Agents, Brokers, Industry News, Latest News, National, News, Premier, Teams |
The 30-year fixed-rate mortgage (FRM) averaged 6.39% this week, down slightly from last week’s bump up to 6.43%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This week’s numbers 30-year fixed-rate mortgage...
by Aidan Whalen | May 3, 2023 | Agents, Brokers, Industry News, Latest News, Lead Story, National, News, Premier, Teams |
After consecutive months of almost no movement, RISMedia’s measure of real estate confidence, the Broker Confidence Index (BCI), jumped this month, powering from 6.4 to 6.9—almost exactly where it was a year ago. Through most of 2023, brokers have remained more than a...
by Aidan Whalen | May 3, 2023 | Agents, Brokers, Industry News, Latest News, National, News, Premier, Teams |
Following its meteoric growth during the pandemic, virtual-focused brokerage eXp managed to grow its agent count in Q1 2023, even with revenue down against the headwinds of a market downturn. With a net income of $1.5 million, the company managed to stay profitable...