A surprising July jobs report, which included downward revisions to early 2025 data, drove mortgage rates to their lowest mark in months, Freddie Mac reported. The 30-year fixed-rate average decreased to 6.63% as of Aug. 7, according to the government-sponsored enterprise’s weekly Primary Mortgage Market survey. The average dropped 9 basis points from 6.72% in […]
Mortgage rates drop to lowest level this summer Read More »
UWM Holdings CEO Mat Ishbia’s new target for mortgage broker originations share is for them to do over half of production. On the company’s earnings call, he cited statistics giving the current broker share at 30%. “Our goal is for brokers to be No. 1,” Ishbia said. “In my mind, that means 50.1%; I don’t
UWM aims for broker-majority market amid 300% profit surge Read More »
Cutting out the agent might seem like a smart way to save when you sell your house. But here’s the hard truth. Last year, homes that sold with an agent went for almost 15% more than those that sold without one. That gap is pretty hard to ignore. And with more homes on the market
Why Selling Without an Agent Can Cost You More Than You Think Read More »
What’s one thing most homeowners would say no one told them about buying a home? If you said how quickly property taxes can go up, you’re not lying—and let me give you a tip to help you save them thousands. But first, last night, some of my MBA Accounting students graciously volunteered with me to
In an interview with National Mortgage News, former Federal Home Loan Bank of Chicago executive Steve Thomas complained about the current lack of product development in the mortgage business. That is likely because of a reluctance among lenders to create those unique programs outside of the agency and government spectrums especially since Monday morning quarterbacks
Breaking the mold: new mortgage products emerge Read More »
Citigroup Inc. Chief Executive Officer Jane Fraser met with President Donald Trump on Wednesday to pitch public stock offerings for mortgage giants Fannie Mae and Freddie Mac. Fraser met with Trump to discuss the bank’s possible involvement in monetizing the Federal National Mortgage Association and Federal Home Loan Mortgage Corp., the firms that have been
Citi CEO meets Trump on Fannie, Freddie public offerings Read More »
Zillow’s critics may say that the company has never had the best interests of real estate agents at heart. But on the company’s second-quarter 2025 earnings call on Wednesday night, executives looked to set the record straight. “As we work to streamline residential real estate transactions with our ‘Housing Super App,’ everything we build is
Zillow wants to be the hub for consumers and agents Read More »
On this week’s episode of the RealTrending podcast, host Tracey Velt sits down with Craig McClelland — chief strategy officer at HomeStory and president of LOCAL Realty — for a forward-looking conversation about the shifting landscape of real estate. McClelland emphasizes the growing necessity of consumer-first strategies. He also highlights how major players like Zillow
HomeStory’s McClelland speaks on changing real estate landscape Read More »
As Opendoor looks forward on its path to profitability, the iBuyer is looking to leverage agent relationships to expand its business. A day after discussing this strategic shift during the firm’s second-quarter 2025 earnings call with investors and analysts, Opendoor has announced a partnership with the Jason Mitchell Group (JMG) a powerhouse real estate referral
Opendoor teams up with Jason Mitchell Group Read More »
The Banner Team — one of the highest-performing real estate groups in the Washington, D.C., metro area — has joined Compass. Led by principal agent Wendy Banner, the 13-agent team brings more than 100 years of combined experience and $2.03 billion in career sales to Compass. The group most recently held the top spot at
Top-producing Banner Team joins Compass, expanding DC-area presence Read More »