Tag Archives: federal reserve

Agents see growing demand as mortgage rates plummet

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Like an avalanche growing larger as it tumbles down a mountain, agents are seeing swelling demand from buyers as mortgage interest rates plummet. Continue reading →

Mortgage rates see biggest plunge in over a decade

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Average 30-year fixed-rate mortgages declined by 22 basis points from 4.28 percent to 4.06 percent, resulting in the biggest single-week decline in rates since 2008, according to Freddie Mac’s latest Primary Mortgage Survey released on Thursday. Continue reading →

Federal Reserve keeps rates static, predicts no hikes in 2019

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The Federal Reserve held interest rates steady at 2.25 to 2.50 percent Wednesday as was widely expected while also predicting no rate hikes in 2019. Continue reading →

Howard Hanna lets buyers shop with pre-locked mortgage rate

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The program stands in stark contrast to the way most loans work, which typically require a borrower to have a contract already in place before they can lock an interest rate. Continue reading →

Redfin hires new chief economist from Amazon

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Redfin has a new chief economist. Daryl Fairweather, who comes to Redfin from Amazon, will oversee the tech-powered brokerages team of economists and data scientists, who research and compile reports on the market, homeownership and the economic factor… Continue reading →

How mergers, money and machines are reshaping real estate

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The real estate industry is a space ripe for change and disruption — from the way homes are bought and sold, to how people are paying and who’s doing that buying and selling. With change happening at such a torrid pace, it’s often hard to keep up, so w… Continue reading →