US mortgage rates jumped last week to the highest level of the year, leading to a sharp pullback in refinancing activity. Processing Content The contract rate on a 30-year mortgage rose 11 basis points to 6.30% in the week ended March 13 following a similar advance at the week before, according to Mortgage Bankers Association […]
Mortgage rates hit highest this year, slowing refinancing Read More »
US home insurance premiums are set to rise for a fifth straight year in 2026 as insurers grapple with losses from extreme weather and high rebuilding costs. Processing Content The average annual premium is projected to increase 4% to about $3,057 this year, after jumping 12% in 2025, according to Insurify, an online insurance comparison site. The expected gain follows several years
Home insurance prices set to keep rising with severe weather Read More »
Buying your first home is exciting, but it can also be a little nerve-wrecking because it’s something you’ve never done before. And trying to think of everything you need to do can feel like a lot. But here’s the key. You don’t have to figure everything out on your own. And you don’t have to
3 Must-Do’s for First-Time Home Buyers Read More »
Artificial intelligence has reached the negotiating table. Processing Content A South Florida man this month described how he sold his house using ChatGPT as his real estate agent, a choice he claimed led to meaningful savings. Robert Levine told NBC South Florida he used the chatbot for much of the process, from pulling together marketing
What happens when you use ChatGPT to sell your home? Read More »
A former Rocket Mortgage employee is accusing the company of creating a hostile workplace and violating the American with Disabilities Act due to her medical conditions, according to a new discrimination lawsuit. Processing Content In legal documents filed in Michigan federal district court in March, the former employee, Ashley Isberg, said company leaders intentionally derailed
Rocket sees new allegations of ADA violations Read More »
What’s at stake: The Trump administration is trying to weaken the Equal Credit Opportunity Act, the Fair Housing Act, the Home Mortgage Disclosure Act and the implementation of small business lending data collection, known as section 1071 under the Dodd Frank Act. Key insight: Lenders have long complained that the federal government should not be
How Trump is turning fair lending law on its head Read More »
Older Americans now hold as much real estate wealth as middle-aged homeowners, illustrating the widening gaps in homeownership access and long-term home price gains. An analysis from Redfin, based on data from the Federal Reserve Board, found that Americans ages 70 and older controlled roughly 26% of the nation’s $48 trillion in real estate wealth
Older Americans maintain record share of housing wealth Read More »
Dozens of innovative companies have sprung up over the past 15 years, each vowing to revolutionize home building. Many haven’t, don’t, and won’t make it through the “early-stage” gauntlet of A, B, and C series capital raises, where they can pay off their debt, cover their bills and sustainably generate net earnings from their operations.
How FrameTec plans to cut build-cycle times and reduce waste Read More »
Finance of America (FOA) has expanded access to its HomeSafe Second product into Indiana, Ohio and Michigan, giving senior homeowners more options for tapping record levels of home equity without giving up their low post-pandemic mortgage rates, the company announced Tuesday. Reintroduced in 2023 as what the company called the industry’s first second-lien reverse mortgage,
Finance of America expands HomeSafe Second reverse mortgage to three more states Read More »
Beginning in early June, real estate professionals in Washington state must publicly market their residential real estate listings to all consumers, unless the seller can show doing so would negatively impact their health or safety. This requirement comes after Washington Governor Bob Furgeson signed a bill into law on Monday banning exclusive marketing to select
Washington law limits private listing networks for homes Read More »