Tomo's new Lock and Shop: lock a rate now without a property address
Tomo's Lock and Shop service fee is $750, which homebuyers can recoup when they work with Tomo Brokerage partner agents. Homebuyers can choose either a 90- or 120-day rate lock
by Matt Carter Jun 23
Demand rebounds as mortgage rates retreat from 2022 peak
Purchase mortgage applications are still down 10% from a year ago, with mortgage rates nearly doubling in the last 12 months, according to a survey by the Mortgage Bankers Association
by Matt Carter Jun 22
Hippo's mortgage partner channel takes off; helps find coverage faster
Program piloted last year now provides services to more than a dozen mortgage lenders and loan servicers, who help 7M people finance or refinance their homes each year
by Matt Carter Jun 22
Here's what you're doing to shift with the market: Pulse
This week, we wanted to know: What adjustments are you making to business as usual to meet the demands of a shifting market?
by Inman Jun 22
The cheapest way for clients to tap into new home equity
There are many ways to access your home equity, but they're not all the same. Find out the most cost-effective and innovative strategies for tapping into that newfound wealth
by Bernice Ross Jun 20
The best and worst ways to handle layoffs as real estate cuts accelerate
The housing industry has shed thousands of jobs recently, and more cuts may be in store. But some companies are handling the situation better than others
by Jim Dalrymple II Jun 17
Fannie Mae downgrades home sales expectations for 2022 and 2023
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% this year
by Matt Carter Jun 16
HomeLight raises $115M and acquires cash offer rival
Scottsdale, Arizona-based HomeLight says Series D raises the company's valuation to $1.7B, and acquisition makes it the largest 'agent-focused' cash offer program in the US
by Matt Carter Jun 16
Homebuyers 'need a bit of a reset,' Fed chair Jerome Powell declares
Jerome Powell on Wednesday acknowledged the tough situation buyers now find themselves in, adding that 'We need to get back to a place where supply and demand are back together'
by Jim Dalrymple II Jun 16
Fed's biggest rate hike in 28 years might not further impact mortgages
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 COO of 1 capital markets advisory firm
by Matt Carter Jun 15
Mortgage demand picked up last week before latest rate surge
Homebuyer demand for purchase loans picked up before a bond market sell-off sent mortgage rates soaring past 6%, according to the MBA's Weekly Mortgage Applications Survey
by Matt Carter Jun 15
Pulse readers weigh in on what drains them
This week, we asked readers: What drains you? What's your personal kryptonite? Here's what you told us
by Inman Jun 15
WFG expands title agency footprint into Rocky Mountains
Brian Phillips will head operations for the company’s new Rocky Mountain Region, encompassing Colorado, Utah, Montana and Wyoming
by Matt Carter Jun 14
Lower launches 'Realtor agnostic' cash-offer service, MortgagePass
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
by Matt Carter Jun 14
Mortgage rates surge past 6% on fears of Fed tightening
Dramatic inflation reading fuels speculation that Federal Reserve policymakers will implement drastic 75-basis point interest rate hike Wednesday
by Matt Carter Jun 13
Mortgage rates under pressure again with inflation at 40-year high
Bond market investors are wary that the Fed will be forced to implement drastic 75-basis point rate hike in June or July, as soaring cost of gas, food and rents drive inflation to 8.6% in May
by Matt Carter Jun 10