Equity Union Real Estate has expanded into California’s Central Coast by adding Team Sweasey, a San Luis Obispo-based real estate team led by Hal Sweasey. Team Sweasey will continue to operate from San Luis Obispo, which will serve as Equity Union’s 13th branch location statewide. Sweasey has more than three decades of experience in the […]
Equity Union Real Estate expands in California Read More »
Mortgage rates were perfectly unchanged compared to yesterday’s levels for the average lender. This wasn’t a huge surprise considering the absence of any high stakes economic data, but tomorrow could be a different story. Rates are driven by bonds and the economy is one of the primary source of motivation for the bond market. In
Mortgage Rates Unchanged Ahead of Important Inflation Data Read More »
A government-sponsored enterprise stock offering appears to still be in the works with care being taken not to adversely influence mortgage-backed securities trading as momentum builds to use their portfolios to that end. Processing Content “It’s not off the table. We’re working on it very deliberately,” Treasury Secretary Scott Bessent told Fox Business News’ Maria
Bessent: Fannie, Freddie offering hinges on MBS spreads Read More »
Bloomberg News Processing Content Key Insight: The U.S. Court of Appeals for the D.C. Circuit granted the National Treasury Employee Union’s petition for an en banc rehearing, vacating a prior 2-1 ruling in favor of acting CFPB Director Russell Vought. What’s at Stake: The court’s decision was influenced by dozens of lawmakers and nonprofits who
Appeals court agrees to rehear CFPB union’s case Read More »
New York became the latest state to officially enact legislation that outlaws the practice known as Non-Title Recorded Agreements for Personal Services or NTRAPS, which threatens senior citizens with loss of their homes. Processing Content Gov. Kathie Hochul signed the bill into law after it passed the New York State Legislature with wide bipartisan support
New York becomes latest state to outlaw NTRAPs Read More »
Mortgage applications have swung up and down over the last two months as mortgage rates have stabilized, according to the Mortgage Bankers Association. Processing Content The MBA’s Market Composite Index, a measure of mortgage loan application volume, decreased 3.8% on a seasonally-adjusted basis from one week prior for the week ending Dec. 12, as mortgage
Mortgage apps dip as rate stability stalls momentum Read More »
UWM Holdings will purchase Two Harbors Investment, a real estate investment trust branded as Two, in an all-stock transaction valued at $1.3 billion. Processing Content Under the terms of the agreement, Two shareholders will receive a fixed number of UWM shares at an exchange ratio of 2.33 times. This implies a price of $11.94 per
UWM buying Two in a $1.3 billion stock deal Read More »
The housing market hasn’t felt this energized in a long time – and the numbers backing that up are hard to ignore. Mortgage rates have eased almost a full percentage point this year, and that shift is starting to wake up buyers. Home loan applications have risen. Activity has picked up. And sellers who step
Is Buyer Demand Picking Back Up? What Sellers Should Know. Read More »
Mortgage applications decreased 3.8% from one week earlier, according to data from the Mortgage Bankers Association (MBA)’s weekly mortgage applications survey for the week ending Dec. 12. On an unadjusted basis, the index decreased 5% compared with the previous week. The refinance index decreased 4% from the previous week and was 86% higher than the
Mortgage demand drops, but refi share reaches highest level since September Read More »
Securing rising living standards for all Americans depends on one basic necessity: affordable housing. Yet for millions of families, this goal feels further away than ever. In the United States, decades of rising costs, a constrained supply of homes, and structural barriers have created an affordable housing crisis that touches nearly every community. The numbers