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Mortgage industry encouraged by Fed’s dovish approach

Housing Wire

Mortgage rates have increased roughly 50 basis points in the first few months of 2021, in no small part due to fears that inflation will rear its ugly head as the economy rebounds. But the Federal Reserve is staying the course, maintaining the low-rate environment that gave rise to the best year for the mortgage industry in history.

Mortgage 413
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Real Estate Exchange files antitrust suit against Zillow, NAR

Housing Wire

” “The NAR and its MLS partners, which now include Zillow, are allowed to once again close off transparent access to home inventory by entering into agreements among themselves that disadvantage all but their own membership; consumers and competition will suffer,” read the lawsuit. Real Estate Tech Demo Hour.

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Consumers more confident about making mortgage or rent

Housing Wire

Although many homeowners and renters continue to feel the economic pressure of the pandemic , they’re growing more confident that they can pay their rent or mortgage, according to the latest consumer confidence survey by Freddie Mac. For the year, 45% expressed concern they wouldn’t make the rent or mortgage.

Mortgage 545
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Fudge won’t cut mortgage insurance premiums

Housing Wire

Housing and Urban Development Secretary Marcia Fudge put an end to speculation that the agency would move to reduce the Federal Housing Authority ‘s mortgage insurance premiums by 25 basis points. Mortgage Tech Demo Day. During her nomination , Fudge was noncommittal about potential cuts to the mortgage insurance.

Insurance 315
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Experts optimistic about home sales in 2021

Housing Wire

” The overall drop in pending home sales over the final quarter of 2020 can be contributed to a lack of inventory, according to Lawrence Yun, NAR’s chief economist. Real Estate Tech Demo Day. Tune in February 9th to experience demos from the most innovative real estate technology solutions.

Contracts 531
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ChatGPT for Appraisers

Appraisal Today

I have not had time to use it, but have been reading and watching demos about how it can be used for appraisers for awhile. Varies widely around the country. == Mortgage applications decreased 3.1 August 9, 2023) — Mortgage applications decreased 3.1 August 9, 2023) — Mortgage applications decreased 3.1

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PREDICTIONS, PARKING, POLLUTED PIPES

Will Springer Realtor

It was a year of gyrating mortgage rates and stubbornly high home prices. Mortgage rates rose and rose again to more than 8% but have since mercifully fallen by nearly a percentage point. Inventory continues to shrink to levels not seen since the days of disco, shag carpets and pet rocks. with basement).