by Aidan Whalen | Aug 4, 2023 | Industry News, Latest News, National, News, Premier |
Ask any real estate professional about the macroeconomic challenges theyāre facing today, and youāll get an answer including both āinflationā and āinterest rates.ā As the former one grows, the latter does, too. The Federal Reserveās latest meeting on July 27 saw the...
by Aidan Whalen | Aug 4, 2023 | Industry News, Latest News, National, News, Premier |
After seeing a revenue that was well down from 2022 and company projections in Q1, Rocket Companies ramped up business and reported much stronger earnings in Q2, putting them back on track for 2023. This win comes right after the company announced a shift in...
by Aidan Whalen | Aug 4, 2023 | Industry News, Latest News, National, News, Premier |
Editorās Note: The Mortgage Mix is RISMediaās weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. -Ratings agency Fitch downgraded both U.S. government debt and Fannie and Freddie, in a move that rattled financial...
by Aidan Whalen | Aug 3, 2023 | Agents, Brokers, Industry News, Latest News, Lead Story, National, News, Premier, Teams |
Almost exactly a year ago, National Association of REALTORSĀ® (NAR) Chief Economist Dr. Lawrence Yun first coined the term āhousing recessionā to describe the swift, sharp decline in real estate markets all over the country, as the Federal Reserve raised rates and...
by Aidan Whalen | Aug 3, 2023 | Brokers, Industry News, Latest News, National, News, Premier, Tech |
Normally, a $20 million quarterly net loss wouldnāt be grist for positive spin, but Offerpad spun it that way, citing trimmed losses and a greater number of homes acquired in the second quarter as progress after selling most of the older homes in its inventory.Ā In...
by Aidan Whalen | Aug 3, 2023 | Industry News, Latest News, National, News, Premier |
The 30-year fixed-rate mortgage (FRM) averaged 6.90% this week, up for the second week in a row from last weekās 6.81%, according to the latest Primary Mortgage Market SurveyĀ® (PMMSĀ®) from Freddie Mac released Thursday.Ā This weekās numbers:Ā 30-year fixed-rate...