Median payment on purchase mortgage applications rises to $2,201: MBA

Homebuyer affordability declined in March as mortgage rates and home prices remained elevated.  The national median monthly payment for purchase mortgage applicants rose to $2,201 in March, up from $2,184 in February. That’s according to the Mortgage Bankers Association‘s (MBA) purchase applications payment index, which measures how new monthly mortgage

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HomeServices settles commission lawsuits for $250M

HomeServices of America, the last remaining brokerage defendant in the landmark Sitzer/Burnett antitrust commission case, has agreed to pay $250 million in damages to settle lawsuits that will change agent compensation across America. The New York Times first reported news of the settlement. The deal comes just days after the

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