Redfin has launched Redfin Early Access, a new search category on Redfin.com and its app that surfaces pre-market and “coming soon” listings that are not yet broadly available on other major real estate sites, the company said in an announcement Monday. The new category aggregates two kinds of inventory: Redfin Coming Soon listings that appear […]
Redfin Early Access adds pre-market and coming soon listings Read More »
Homebuilders maintained a subdued outlook in May, pressured by higher mortgage rates, rising inflation and affordability constraints. Ongoing conflict in Iran raises the risk of increased building material prices, further complicating an already uncertain environment. However, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), homebuilders appear to be more
Builder confidence remains subdued; suppliers eye price hikes Read More »
Mortgage rates hit their highest levels in more than 9 months at the end of last week. Now today, they’ve edged slightly higher yet again with the average top tier 30yr fixed rate at 6.68% versus 6.65% on Friday. This wasn’t necessarily destined to be the case today. In fact the day began with the
Mortgage Rates Start Week at New 9 Month High, But Just Barely Read More »
The Northeast and West Coast make up most of the top rental markets this summer, as was the case for the top housing markets in 2026. Processing Content Providence, Rhode Island, headed Zillow’s hottest rental markets list, beating out New York and San Francisco, the company announced in a press release Monday. Hartford, Connecticut, Los
Northeast, West Coast make up the hottest rental markets Read More »
Eric Lee/Bloomberg Ginnie Mae and Federal Housing Administration officials acknowledged concerns about a surge in delinquencies stemming from an FHA rule change, indicating they do foresee a date when it ends. Processing Content Pressure appears to be on track to let up later this year, Ginnie President Joseph Gormley told attendees at the Mortgage Bankers
Ginnie Mae foresees a day when FHA waterfall impacts end Read More »
Wells Fargo will fund a new $100 million mortgage borrower assistance fund, following a federal judge’s final approval of a large settlement agreement. Processing Content U.S. District Judge Trina Thompson OK’ed the terms last week, which resolved some longstanding claims regarding the bank’s alleged discriminatory hiring and lending practices. The agreement also includes a $10
Judge OKs Wells Fargo’s $100 million mortgage borrower fund Read More »
Panorama Mortgage Group, parent company of several lenders focused on affordable homeownership, is rebranding itself to unite multiple brands under one name, it announced Monday. Processing Content All of the Las Vegas-based company’s channels, including Alterra Home Loans and Travisa Financial, will go by SimplyPMG, which more accurately reflects the company’s mission to guide borrowers
Panorama Mortgage Group unifies channels under new name Read More »
Without the presidential order mandating the government-sponsored enterprises purchase securitized loans, it is possible mortgage rates could even be higher. Processing Content The economists at Bank of America Securities are still expecting the next move out of the Federal Reserve to be a reduction in short-term rates, but they have delayed the timing. This is
Without GSEs’ bond buying, mortgage rates may be even higher Read More »
From left: David Battany, Todd Leddon and Chris Bennett Loan product rollouts are often viewed as origination efforts, but capital markets teams that work to do things like ensure such efforts have appropriate investor support can make a difference in how well they go too. Processing Content “The secondary market is absolutely essential,” Bob Broeksmit,
How cap markets teams make a difference in product rollouts Read More »
The near-term impact of inflation has the Mortgage Bankers Association warning of potential setbacks to growth and a 2027 federal rate hike, but lenders should still see volumes increase this year, it said on Sunday. Processing Content Originations will grow approximately 6% year-over-year in 2026 on a dollar-volume basis, with the trade group presenting baseline
MBA adjust forecasts for a 2027 federal rate hike Read More »