The average interest rate on all outstanding mortgages in the U.S. is now 4.3%. You might be surprised to learn that by the end of the year, the average rate will be higher than the levels of Q1 2020, before the pandemic boom. For the average American mortgage holder, the incredible gains of the pandemic […]
What the latest mortgage data tells us about home sales in 2026 Read More »
Over the next two decades, roughly $124 trillion will move from baby boomers to younger generations, according to Cerulli Associates. For many millennials — amid climate anxiety and financial uncertainty — that inheritance is prompting a new question; what should ownership mean? In Norwalk, Conn., Austin and Allison McChord are testing an answer. “The first
Younger homeowners seek to redefine property ownership Read More »
Credit bureau TransUnion is pushing back against the idea of replacing the current tri-merge mortgage credit model with a single credit pull, arguing that the shift would increase systemic risk and restrict access to credit. The conclusion comes from a TransUnion study released during the Mortgage Bankers Association (MBA)’s Annual Convention and Expo, as the
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Looking to launch a real estate career in 2025? We’ve pinpointed the best online real estate schools in California for every budget, weekly schedule and timeline — with podcast-style audio lessons, mobile phone apps, and courses for every learning style. California requires 135 hours of prelicensing coursework before you can take the California real estate licensing exam.
6 best online real estate schools in California for 2025 Read More »
As tensions between CoStar Group and Zillow continue to heat up, Zillow has claimed that CoStar did not renew its Matterport API agreement. CoStar closed its $1.6 billion acquisition of Matterport in March, meaning that it would be up to CoStar to decide if it wanted to renew the API agreement with Zillow. Matterport and
Zillow pulls Matterport tours from its listings Read More »
Compass’s market share in South Florida is growing. On Monday, Galleria International Realty announced that it is joining Compass. According to Compass, the Fort Lauderdale-based firm’s team has over 100 years of combined experience and has recorded over $2 billion in combined career sales. “Bringing Galleria International Realty into the Compass network represents an important
South Florida boutique brokerage Galleria International Realty joins Compass Read More »
Top former U.S. economic leaders, Gary Cohn and Lawrence Summers, raised red flags about the nation’s fiscal trajectory, the challenges of balancing monetary policy and the global context of U.S. debt. However, they Summers says economy is “remarkably resilient.” Speaking at the 2025 Mortgage Bankers Association‘s Annual Convention and Expo, Cohn and Summers also credited
Former economic leaders Cohn and Summers warn on U.S. fiscal path Read More »
Down payments stayed largely unchanged in the third quarter of 2025 as homebuyers balanced high prices with slowing demand, according to Realtor.com’s newest Down Payment Report. The typical down payment was $30,400 — about $500 more than the previous quarter and roughly flat from a year earlier. Buyers continued to put down about 14.4% of
Down payments stay steady even as homebuyers face high prices Read More »
A new study from the Nationwide Retirement Institute found that 58% of Millennial investors feel they have to choose between homeownership and retirement security as housing prices continue to rise faster than wages. “Millennials are navigating their prime earnings years in a financial landscape marked by volatile markets, high interest rates and shifting economic norms,”
Homeownership dreams clash with retirement goals for Millennial investors Read More »
Mortgage Bankers Association President and CEO Bob Broeksmit on Monday called 2025 a “historic year” for the trade group, highlighting major legislative and regulatory victories during his opening address Monday morning at the association’s Annual Convention and Expo in Las Vegas. Broeksmit shared with the audience that the MBA helped shape roughly 10% of all
MBA’s Bob Broeksmit celebrates legislative victories in 2025 Read More »