Biden administration lays out bold plan to combat appraisal bias

The five-point plan seeks to make the appraisal industry more accountable, arm consumers with assistance, prevent algorithmic bias, cultivate a more diverse appraisal industry, and leverage federal data to benefit research and policymaking. Continue reading

Mortgage rates dip as Omicron variant triggers market volatility

Thirty-year mortgage rates fell to 3.05 percent, down 7 basis points from the week prior, according to Freddie Mac’s most recent lender survey released Thursday. Continue reading

Before the Fed sped up tapering, mortgage rates saw little change

With mortgages likely getting more expensive for borrowers down the road, the rates for 30-year loans have been holding steady for weeks. Continue reading

Zillow listings now link buyers with down-payment assistance info

The Seattle-based home portal has added a new listing feature that connects a buyer with details about down-payment programs in their area. Continue reading

Markets remain volatile, but mortgage rates stay the course

The average rate for a 30-year, fixed rate loan was 3.10 percent this week, according to Freddie Mac’s latest lender survey. Continue reading

‘I blundered’: Better CEO apologizes to workers after layoffs go viral

Better CEO Vishal Garg has apologized to the mortgage company’s staff, saying he failed to show adequate respect for the 900 former employees who were let go last week. Continue reading

Better CEO under fire after Zoom call layoffs go viral on TikTok

The online mortgage company is facing scrutiny from former employees and on social media, where a video of CEO Vishal Garg firing employees over Zoom drew thousands of reactions. Continue reading

After rocky November, rates for 30-year mortgages stabilize above 3%

The average rate for a 30-year mortgage has been climbing in recent months and now rests 17 percent higher than its all-time low in January, according to Freddie Mac’s latest lender survey. Continue reading

Ribbon jump-starts 2022 expansion push with 2 new markets

The homeownership startup has December and January launches planned for markets in Alabama and Virginia. The company plans to be in 25 states by the end of next year. Continue reading

Recent pullback in mortgage rates lifts outlook for home demand

A monthlong upswing in mortgage rates came to a halt in the past two weeks, with rates for 30-year loans retreating back below 3 percent. Continue reading