by Liz Ruggiero | May 11, 2023 | Agents, Brokers, Latest News, National, News, Premier, Teams |
In line with housing market challenges and persistently high mortgage rates, United Wholesale Mortgage (UWM) reported a net loss of $138.6 million in Q1 2023. Despite this, executives still have a positive outlook on the quarter and for the rest of the year. “The...
by Liz Ruggiero | May 11, 2023 | Agents, Brokers, Industry News, Latest News, National, News, Premier, Teams |
The 30-year fixed-rate mortgage (FRM) averaged 6.35%, this week, down just a hair from 6.39% last week, according to the latest Primary Mortgage Market Survey (PMMS) from Freddie Mac released Thursday. This week’s numbers: 30-year fixed-rate mortgage averaged 6.35%...
by Aidan Whalen | May 10, 2023 | Agents, Brokers, Industry News, Latest News, Lead Story, National, News, Premier, Teams |
As the latest inflation data shows continued, albeit slow, progress toward taming record inflation, some in the housing industry—including National Association of REALTORS® (NAR) Chief Economist Lawrence Yun—have begun calling for the Federal Reserve to pause further...
by Aidan Whalen | May 10, 2023 | Agents, Brokers, Industry News, Latest News, National, News, Premier, Teams |
While not happy to acknowledge negative earnings for another fiscal quarter past, Robert Reffkin, founder and CEO of tech-enabled real estate brokerage giant Compass, expressed a strong optimism at a May 9 press conference that going forward there would be positive...
by Aidan Whalen | May 10, 2023 | Agents, Brokers, Industry News, Latest News, National, News, Premier, Teams |
Following a slight decrease of 1.2% last week, mortgage applications increased 6.3% from one week earlier, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association’s (MBA) for the week ending May 5, 2023. This week’s numbers:...
by Liz Ruggiero | May 9, 2023 | Agents, Brokers, Industry News, Latest News, Lead Story, National, News, Premier, Teams |
Nearly seven out of 10 metro markets registered home price gains in Q1 2023, despite mortgage rates still remaining at a high of 6.1% – 6.7%, according to a new report from the National Association of REALTORS® (NAR). NAR’s latest metro area index for Q1 2023...