HousingWireHousingWire Although mortgage rates haven’t come down significantly as many Americans have wished for, lenders are reporting increased demand for home purchase loans and don’t seem overly concerned by economic conditions that are far from ideal. Data at HousingWire’s Mortgage Rates Center on Tuesday showed that 30-year conforming rates averaged…
Continue reading →HousingWireHousingWire The ongoing legal battle between former Keller Williams CEO John Davis and the brokerage has been heating up. But when it comes to at least one issue in the lawsuit, the court has sided with Gary Keller, his firm, and other current and former KW executives. Last week, Magistrate…
Continue reading →HousingWireHousingWire Republicans in the House of Representatives unveiled a draft of their tax reform legislation on Monday, proposing a series of changes that could have broad implications for the real estate industry. These include several tax benefits related to homeownership and small-business operations that would be made permanent. The House…
Continue reading →HousingWireHousingWire Multichannel mortgage lender Lower has struck a deal to acquire real estate portal Movoto from parent company OJO Labs, marking another industry transaction aiming at building an end-to-end homeownership platform. Financial terms of the deal were not disclosed. The acquisition will give Lower’s retail network—comprising 478 sponsored loan officers…
Continue reading →HousingWireHousingWire Fears that President Donald Trump’s dramatic new global tariff regime will supercharge inflation didn’t materialize in April. That’s according to the Consumer Price Index (CPI) from the U.S. Bureau of Labor Statistics, which shows inflation rising 2.3% year over year and 0.2% more than March. The annual rise is…
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