Federal Reserve officials left interest rates unchanged and continued to pencil in two rate cuts in 2025, saying uncertainty over the economic outlook was still high but had diminished. The Federal Open Market Committee voted unanimously on Wednesday to hold the benchmark federal funds rate in a range of 4.25%-4.5%, as they have at each […]
Fed officials hold rates again, still see two cuts by year end Read More »
Fears of tariffs and inflation abound these days, with many Americans concerned that rising prices will push up housing costs. But even as younger consumers worry about buying a home, many of them remain hopeful about their own finances, offering some encouraging news to mortgage lenders looking for unmet demand. More than half or 55%
What Americans’ optimism about finances means for lenders Read More »
“These Housing Credit provisions represent bold action to increase the nation’s housing supply by over one million homes at a time when the affordable housing crisis has reached record levels and has affected every state, district, and community,” said Dudley Benoit, president of the Affordable Housing Tax Credit Coalition board of directors and senior managing director
Pro-housing Senate bill has uncertain future Read More »
New U.S. residential construction declined in May to the slowest pace since the onset of the pandemic as an elevated inventory of homes for sale and high mortgage rates sapped the motivation to build. Housing starts decreased 9.8% to an annualized rate of 1.26 million homes last month, according to government figures released Wednesday. The
New home construction falls to five-year low Read More »
Mortgage rate movements stayed muted as investors await the culmination of June’s Federal Open Market Committee meeting later on Wednesday. Rates declined for the third consecutive week, but remained in that tight 6.8% range, the Freddie Mac Primary Mortgage Market survey reported. The survey was released a day early because of the Juneteenth holiday. What
Mortgage rates move lower ahead of Fed decision Read More »
The outcome of previously-reported talks between Guild Mortgage and Bayview, a quiet servicing giant and asset manager, is a finalized acquisition valued at $1.3 billion that will transform the lender. In line with previous talks, a Bayview fund will buy outstanding shares of Guild it didn’t already own. The publicly-traded lender plans to go private
Guild, Bayview talks result in deal valued at $1.3 billion Read More »
It’s hard to let go of a 3% mortgage rate. There’s no question about it. It’s the main reason why so many homeowners have delayed their move in recent years. But here’s something to consider. While your low rate might be ideal, it doesn’t make up being too cramped, having a staircase your knees can’t
Why More Sellers Are Choosing To Move, Even with Today’s Rates Read More »
Conventional marketing is on life support; bloated email blasts, generic landing pages, lead forms no one fills out. They’re not just outdated. They’re invisible to the modern consumer. Today, people crave relevance, not reach. They want conversations, not campaigns. That’s where conversational marketing steps in. It’s not about shouting louder. It’s about listening better and
Conversational marketing is the new pipeline: How AI is redefining intent in real estate Read More »
Homeowners are reverting back to old habits in the real estate market. After giving them smaller commissions in 2024, sellers are paying buyer’s agents 2.77% commissions this year, according to brokerage Clever Real Estate. Those buyer agents saw their commissions dwindle to 2.30% last year, as the industry adjusted to a major rule change. The
Commission cuts stall as sellers stick to old ways Read More »
As more companies embrace the incorporation of artificial intelligence (AI) into their business- and customer-facing operations, a concern has emerged among firms focused on delivering services to older people AI training typically occurs with younger staffers, who could then incorporate unconscious institutional biases that might leave seniors feeling alienated from the technology. Representatives of Longbridge
Longbridge’s Bill Packer on crafting AI that’s inclusive of seniors Read More »