Author Archives: Matt Carter

Proper Rate taps mortgage veteran Chris Knapp as new president

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Before executive roles at CrossCountry Mortgage, Draper and Kramer, and Wintrust, Knapp spent more than a decade as a loan originator and executive at Guaranteed Rate. Continue reading →

Mortgage rates surge as Trump’s odds improve after debate

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Investors weigh the potential for higher tariffs, tighter restrictions on immigration, and an extension of 2017 tax cuts to fuel inflation under a second Trump administration. Continue reading →

Prospects for lower mortgage rates grow as inflation continues to ease

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The Federal Reserve’s preferred inflation gauge fell to 2.56 percent in May, getting closer to the Fed’s 2 percent target for the 2nd month in a row. Core inflation reading is lowest since March 2021. Continue reading →

BofA analysts cast doubts on prospects for 2025 sales rebound

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“The U.S. housing market is stuck, and we are not convinced it will become unstuck anytime soon,” economists at Bank of America Global Research say of ongoing affordability issues. Continue reading →

Sharran Srivatsaa says this is what agents should be doing with AI

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President of The Real Brokerage says agents are living in a “small hinges swing big doors” world and that Inman Connect Las Vegas can help them learn a little skill that can move the needle a lot. Continue reading →

Lower rates boost homebuyer demand for 3rd week in a row

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Mortgage rates have been on the decline since late April, as closely watched data releases suggest the economy is cooling and that the Fed may start cutting rates as soon as September. Continue reading →

Freddie Mac will dip a $2.5B toe into the second mortgage market

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Modest pilot program approved by federal regulators was opposed by banks who have traditionally provided most home equity loans. Nonbank lenders have already made inroads into the business. Continue reading →

More listings, lower rates should boost 2025 sales: Fannie Mae

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Fannie Mae on Friday slashed its 2024 forecast as a result of weak spring home sales, but listings are returning to the market and mortgage rates look poised to drop, according to new projections. Continue reading →

Fathom’s Verus Title subsidiary acquires LW Traveling Title

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Fathom Holdings beefs up title coverage in three states with “strategic addition” to geographic footprint, acquiring nine-person title agency with offices in Utah, Colorado and Virginia. Continue reading →

Homebuyers jump at lower mortgage rates, but will they last?

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Purchase loan applications have surged for two weeks in a row, but rates for conforming mortgages are inching back up toward 7 percent this week as investors weigh the odds of Fed rate cuts. Continue reading →