HousingWireHousingWire Mortgage rates have been on a declining trend, but demand slowed down last week largely due to fewer refinance applications, an indication that the industry should not expect a mini refi boom yet. Mortgage applications dropped 10.1% for the week ending Aug. 16 compared to the previous week, according…
Continue reading →HousingWireHousingWire A U.S. District Court judge in Texas on Tuesday blocked a Federal Trade Commission (FTC) rule banning noncompete agreements, which are commonly used in the mortgage and real estate industries. Judge Ada E. Brown of the U.S. District Court for the Northern District of Texas granted plaintiff Ryan LLC,…
Continue reading →HousingWireHousingWire Mortgage rates have moved lower in recent months, but Fannie Mae economists said Wednesday that this won’t be enough to increase the number of homes sold in the foreseeable future. Fannie Mae’s Economic and Strategic Research (ESR) Group downgraded its forecasts for 2024 and 2025 home sales based on…
Continue reading →HousingWireHousingWire A coalition of interest groups oriented around climate issues has launched a social media campaign designed to pressure the Federal Housing Finance Agency (FHFA) into adopting up-to-date energy-efficiency standards for homes backed by the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. The Campaign for Lower Home Energy Costs…
Continue reading →HousingWireHousingWire While there have not been any “horror stories” in the first few days since business practice changes mandated by the National Association of Realtors’ (NAR) commission lawsuit settlement agreement were implemented, that doesn’t mean it has been completely smooth sailing for real estate professionals. For Linda O’Koniewski, the broker-owner of Leading Edge Real Estate, one…
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