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The average 30-year fixed-rate mortgage dropped to 6.62% on Thursday, a new low for 2024 that appears to be tied to the expectation that the Federal Reserve could move to cut interest rates at its next meeting in September. This is according to data reported by Mortgage News Daily. On…
Continue reading →Talk to a real estate agent about expectations for the fall and they’ll likely mention that the housing market will be slow due in part to the election, a belief in the industry that’s become rote. But a new report from John Burns Research and Consulting refutes that notion. The…
Continue reading →Mortgage servicer and lender Planet Home Lending is acquiring the retail division assets of employee-owned Axia Home Loans, HousingWire has learned. Employees of the Washington state-based Axia, a retail and wholesale lender, were informed of the transaction on Wednesday afternoon in a one-hour call with leadership. Executives at Planet Home…
Continue reading →The Community Home Lenders of America (CHLA) on Thursday issued a comment letter to the Consumer Financial Protection Bureau (CFPB), saying that a major reason for the increase in mortgage closing costs from third parties is due to a lack of competition among third-party providers. On top of “click fees”…
Continue reading →On a recent episode of the Power House podcast, HousingWire CEO Clayton Collins sat down with Mickey Neuberger, chief marketing officer at Realtor.com and the former vice president of global marketing at eBay. In this tantalizing conversation, Collins and Neuberger survey the CMO’s path into marketing, his experience and approach…
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