Mortgage rates sit still in the first week of 2024
Given the expectation of rate cuts this year from the Federal Reserve, Khater expects mortgage rates to continue drifting downward.
“While lower mortgage rates are welcome news,...
Tapping home equity in retirement has advantages and pitfalls: Harvard researcher
Older Americans are forced to navigate a series of serious financial challenges compounded by their needs for both housing and later life care. While home equity...
Rocket Companies hires former Airbnb, Coca-Cola executive as its first-ever CMO
Detroit-based Rocket Companies, parent of Rocket Mortgage, has named Jonathan Mildenhall to its newly created chief marketing officer position, responsible for the marketing and communications teams for all...
First American makes progress on restoring systems from pre-Christmas cyberattack
Title insurance giant First American Financial reported progress on restoring its systems from a pre-Christmas cybersecurity incident.
First American has fallen victim to data theft after a...
Reverse mortgage volume and securities issuance trend lower in December
When assessing December’s Home Equity Conversion Mortgage (HECM) volume data for December 2023, Reverse Market Insight (RMI) used a choice word as the title for its...
Homebuying has not been this affordable since May: ICE
The decline in mortgage rates in November helped financially strained homebuyers, according to ICE Mortgage Technology‘s latest Home Price Index data.
It took $279 less per month...
Twixmas is the perfect time to claim email amnesty
Happy Twixmas, kids! First of all, let’s unpack this precious time between Christmas and New Year’s when real estate pros are left wondering, what the heck...
Homebuilders are primed for an even better 2024
In some ways, 2023 was the year of the homebuilder. There wasn’t much competition from existing homeowners. And with the ability to buy down consumers’ mortgage...
The pandemic-induced migration boom is waning: Redfin
As companies gradually enforce back-to-the-office policies, the share of homebuyers trying to relocate to a different metro area decreased in November for the third month in...
Rocket’s Varun Krishna appointed to newly created board position
Rocket Companies expanded its board of directors from seven to eight, giving its chief executive officer Varun Krishna a newly-created seat.
Krishna was voted to serve as...