Higher mortgage rates are now “housing market’s primary constraint,” economists at Fannie Mae said in a new forecast predicting home sales will fall 13.5 percent this year. Continue reading
Scottsdale, Arizona-based HomeLight announced that its all-stock deal raises the company’s valuation to $1.7 billion and makes it the largest “agent-focused” cash offer program in the U.S. Continue reading
After bond market sell-off Friday and Monday, investors take Fed’s 75 basis-point rate hike in stride. “The Fed managed to hint at today’s move,” said the CEO of one capital markets advisory firm. Continue reading
Homebuyer demand for purchase loans picked up before a bond market sell-off sent mortgage rates soaring past 6 percent, according to the MBA’s Weekly Mortgage Applications Survey. Continue reading
Brian Phillips will head operations for the company’s new Rocky Mountain Region, encompassing Colorado, Utah, Montana and Wyoming. Continue reading
Less than a month after partnering with Orchard to provide Power Buyer services, Lower pilots its own program in Columbus, Ohio, with plans to go nationwide. Continue reading
Dramatic inflation reading fuels speculation that Federal Reserve policymakers will implement drastic 75-basis point interest rate hike Wednesday. Continue reading
Bond market investors wary that Fed will be forced to implement drastic 75-basis point rate hike in June or July. Continue reading
Chris Erickson has held product management roles at Guaranteed Rate, CoreLogic, Nationstar Mortgage and Citi. Continue reading
As Fed embarks on “quantitative tightening,” interest rates could come under renewed pressure. Continue reading