The Iran conflict finally pushed the 10-year yield above a key level on Friday morning and if this move sticks and the conflict escalates further, mortgage rates are at risk of heading much higher during the spring season, something that wasn’t the case even a few weeks ago. Even some doves at the Federal Reserve […]
Mortgage rates are breaking higher — and things can get worse with Iran conflict Read More »
Compass’s antitrust lawsuit against Northwest MLS (NWMLS) is that much closer to heading to court. On Thursday, Judge Jamal Whitehead of U.S. District Court in Seattle denied NWMLS’s motion to dismiss the lawsuit for failure to state a claim. Originally filed in late April 2025, the lawsuit centers around NWMLS’s listing policy. As a non-Realtor-association
Judge denies NWMLS bid to dismiss Compass antitrust suit Read More »
Two former loan officers have sued Stockton Mortgage Corp., alleging the company illegally accessed their personal email accounts and used private messages in separate litigation against them. Christopher Hoehn and Ashley Hoehn filed the complaint on Wednesday in the U.S. District Court for the Northern District of Alabama. They claim that Stockton and unidentified employees
Ex-employees accuse Stockton Mortgage of accessing personal email accounts Read More »
A federal judge in Texas has vacated the Financial Crimes Enforcement Network’s (FinCEN) nationwide anti-money laundering rule requiring title insurance companies to report details of millions of residential real estate transactions. U.S. District Judge Jeremy Kernodle of the Eastern District of Texas decided Thursday that FinCEN exceeded its statutory authority with the rule, which took
FinCEN anti-money laundering rule struck down in court Read More »
Michigan housing advocates are pointing to Austin, Texas, as they try to build support for Gov. Gretchen Whitmer’s “grand bargain” housing affordability agenda in the state Legislature. Advocates say a multi-year set of zoning, permitting and code reforms in Austin helped drive a surge in homebuilding – and that the resulting increase in supply coincided
Austin housing reforms could influence Michigan legislation Read More »
Before Daiwa House Industry unveils its 8th Medium-Term Management Plan this May, the globally integrated real estate giant has already achieved – and possibly surpassed – the goals of its previous 10-year U.S. expansion plan. With Trumark Homes’ acquisition of Washington-based JK Monarch, Daiwa House’s U.S. homebuilding platform now spans cohesively across the country’s busiest
Daiwa House deal adds Washington foothold as Trumark buys JK Monarch Read More »
After hitting 5.99% as recently as February 27th, top tier 30yr fixed mortgage rates are back over 6.5% for the average lender today–the highest they’ve been since September 3rd, 2025. The entire month of March has been painful for many corners of the financial market and mortgage rates are not immune. The Iran war is
Mortgage Rates Move Back Above 6.5% Read More »
Mortgage rates hit 7-month highs last Friday, but recovered fairly nicely on the first two days of the present week. The past 2 days have been a bit rough, unfortunately. Over that time, the average top-tier 30yr fixed rate rose 0.14% to 6.43%–just a bit higher than last Friday’s 6.41%. Whereas mortgage rate volatility on
Mortgage Rates Jump Back Up to 7-Month Highs Read More »
Palantir Technologies and Moder partnered to build an AI-powered mortgage operations platform and Freedom Mortgage was its first customer, the companies announced Thursday. Processing Content The cobuilt platform uses Palantir’s Ontology, a modeling layer that connects data to operational actions, to provide an agentic AI framework to integrate with existing systems of record. The platform
Palantir, Moder partner with Freedom Mortgage on AI ops Read More »
While the 30-year fixed-rate mortgage recently dipped below 6%, adjustable-rate mortgages are offering homebuyers their biggest discount in nearly four years. Processing Content The average homebuyer would save $150 per month by using an ARM instead of a 30-year fixed-rate mortgage, according to a new report from Redfin that analyzed 30-year rates compared with 7/6
ARMs offer buyers largest discount in nearly 4 years Read More »