Rocket Pro TPO is diversifying its product portfolio by offering home equity loans to brokers by mid-September amid increased competition in the wholesale channel. The move follows Rocket Mortgage‘s roll out of home equity loans in August as the firm tries to capitalize on Americans’ strong home equity positions. With the Rocket Pro TPO product, homeowners […more]
The average rate for a benchmark 30-year mortgage ticked up another 11 basis points (0.11 percentage points) over the past week to 5.66 percent, an average rate which is now 97 percent higher than at the same time last year and 114 percent higher than last year’s all-time low of 2.65 percent. At the same […more]
“Access Hollywood” co-host Mario Lopez is hosting the sale of his Glendale, CA, compound. It’s listed for $6.5 million.
Expectations of a continuing aggressive monetary policy led mortgage rates to increase 11 basis points this week, according to the latest survey from Freddie Mac. The 30-year fixed-rate mortgage rose to an average of 5.66%, up from last week’s 5.55%. A year ago this time, rates averaged 2.87%. The index compiles only purchase mortgage rates reported by […more]
So much has evolved in the real estate process – agents and brokers no longer flip through the pages of MLS books, thumb through a Rolodex or fill out carbon copy contracts with their clients. However, one element of the real estate process that hasn’t seemed to progress is the Comparative Market Analysis, or CMA, […more]
There’s no denying that today’s home buying journey is entirely different from a decade ago. Lenders and applicants alike rely on powerful tools and technology that increase transparency and create ease, speed and convenience. With more than 20 years of experience, CreditXpert has rolled with the punches brought on by a turbulent housing market and […more]
Having jumped to $3,750 at the end of July, which was 11 percent higher than at the same time last year and 23 percent ($700) above last year’s nadir for rents, the weighted average asking rent for an apartment in San Francisco effectively held in August and remains 9 percent ($350) lower than prior to […more]
Mortgage loan application volume in the U.S. dropped nearly 4 percent on a seasonally adjusted basis and 5 percent in the absolute over the past week, with a 4 percent drop in purchase mortgage activity, which is now 23 percent lower than at the same time last year and dropping, with purchase demand “continu[ing] to […more]
On Tuesday, the S&P CoreLogic Case Shiller Index reported that national home prices grew 18% year over year. While the growth rate is cooling monthly, we are still in a savagely unhhealthy housing market trying to get national inventory levels back to pre-COVID-19 levels. From the index: I know it seems strange, but existing home […more]
Between a rise in M&A activity to a surge in tech adoption, the title sector is one to watch as we head into the rest of 2022 and beyond. From where technology is making an impact in the space to the nuances in state and federal laws, this panel focused on “The Future of Title” […more]