Declining mortgage rates in August provided some relief for U.S. homebuyers and made it the most affordable month since February. Of the 2.5 million “in-the-money“ mortgage holders as of Aug. 22, more than 60% took out their mortgages in the past two years, including 850,000 in 2023 and 560,000 this year. The average highly qualified…
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Real estate marketing software provider MoxiWorks is looking to help agents up their game while complying with the business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement that went into effect last month. To achieve this goal, the company has released a series of product updates that are designed to support agents as they…
Total mortgage application volume rose 1.6% last week, compared with the prior week, according to the Mortgage Bankers Association’s seasonally adjusted index.
Wei Yao, china economist at Société Générale, discusses weakening growth momentum in China and explains what policy makers can do to support the economy.