by Jesse Williams | Sep 1, 2022 | Agents, Brokers, Industry News, Latest News, National, News, Premier, Teams |
Adjustable-rate mortgages (ARMs), an attractive option for borrowers on account of their low initial interest rates, are becoming more popular as home prices continue to rise. The share of applications for ARMs increased to 12.6% in June, marking the first time that...
by Jesse Williams | Sep 1, 2022 | Agents, Brokers, Industry News, Latest News, National, News, Premier, Teams |
The 30-year fixed-rate mortgage (FRM) rose again this week, averaging 5.66%, up from last week’s 5.55%, according to the latest Primary Mortgage Market Survey (PMMS) from Freddie Mac. Key findings: 30-year fixed-rate mortgage averaged 5.66% with an average 0.8 point...
by Jesse Williams | Aug 31, 2022 | Agents, Brokers, Industry News, Latest News, Lead Story, National, News, Premier, Teams |
Compass said it would be making some cutbacks, and the New York-based brokerage firm is making good on that promise as it has axed a crucial cog in its business model. The “tech-enabled brokerage” recently announced that it fired Chief Technology Officer...
by Jesse Williams | Aug 31, 2022 | Agents, Brokers, Industry News, Latest News, National, News, Premier, Teams |
After several years of a robust seller’s market throughout the pandemic, buyers are now regaining some bargaining power, according to a new survey from realtor.com®. The survey, which questioned 449 people who sold their homes in the past 12 months, found that the...
by Jesse Williams | Aug 31, 2022 | Agents, Brokers, Industry News, Latest News, National, News, Premier, Teams |
Mortgage applications decreased again this week 3.7% from last week’s 1.2% drop, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association’s (MBA) for the week ending August 26, 2022. The Market Composite Index, a measure of...
by Jesse Williams | Aug 31, 2022 | Agents, Brokers, Industry News, Latest News, National, News, Premier, Teams |
Amidst a wave of uncertainty during the onset of the pandemic, millions of young adults across the U.S. moved back home with their parents. Now, over two years later, two-thirds of millennials and Gen Zers who returned home have still not flown the coop, according to...