As a ‘higher-for-longer’ rate scenario unfolds, how is the mortgage industry adapting?

Last week’s above-consensus inflation figures brought the mortgage market back to a sour reality: The average 30-year fixed mortgage rate, an index closely watched by industry experts, may be close to or even above the 7% level for longer than previously expected. If this scenario unfolds, analysts
Read MoreQ2 AgentPulse survey: Low inventory is greatest challenge

Although more agents are fielding questions about the commission lawsuits than they were a quarter ago, they also remain optimistic about where the housing market is headed in the second quarter of 2024, according to the RealTrends Q2 2024 AgentPulse survey. The survey, which was conducted between t
Read MoreWill a wider war in the Middle East push mortgage rates higher or lower?
Mortgage rates headed higher last week after the CPI inflation report, but now, with news of a wider war in the Middle East, should we expect even higher rates? Some argue that money will go into the safety of the bond market, while others say a wider war can lead to higher inflation and higher rate
Read MoreLow-rate mortgages are making a dent in job recruitment efforts

Job recruiters in the South are facing hurdles to attract skilled professionals from the Midwest despite offering competitive compensation packages, according to a Bloomberg report published Friday. That’s because many of these potential hires are locked into super-low 30-year mortgages. During the
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