Phil Treadwell to speak at engage.talent Feb. 6

From the typical first-time homebuyer to technology innovations, the mortgage industry looks drastically different than it did 10, 15 or even 20 years ago. And yet, Phil Treadwell, vice president of development and regional manager with Mason-McDuffie Mortgage, explained that this same type of modern thinking isn’t being applied to

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Mortgage rates likely to remain low as geo-political tension mounts

U.S. mortgage rates remained relatively low throughout 2019, highlighting stability within the market as rates ended the year near historic lows. According to NerdWallet’s daily rate survey, the 30-year fixed-rate mortgage averaged 3.99% by the end of December, ushering January into another low-interest-rate environment as rates started the new year

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What a U.S.-Iran war would mean for mortgage rates

A U.S. drone strike that killed a top Iranian military leader sent American stock markets tumbling and crude oil prices spiking. What effect is it having on mortgage rates? Rates on 30-year fixed mortgages fell more than an eighth of a percentage point on Friday as investors piled into bond

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CNBC: Manhattan apartment sales sank during Q4

A report from Douglas Elliman and Miller Samuel says that the average sales price for Manhattan real estate fell 7.5% in the fourth quarter of 2019. The average sales price fell to $1.8 million, while the median sales price fell below $1 million. Sales of apartments priced at $5 million

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Are real estate agents and LOs entrepreneurs?

The word entrepreneur is thrown around quite a bit these days. It’s used interchangeably with self-employed or founder. Basically, anyone who works for themselves should be considered an entrepreneur, right?  The true definition of an entrepreneur is “a person who organizes and operates a business or businesses, taking on greater

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Home equity rates expected to remain low in 2020

The presidential election occurring in late 2020 will be a boon to home equity borrowers, regardless of who wins, according to a forecast from Bankrate. That’s because the Federal Reserve will try to sit on the sidelines this year to avoid the appearance of influencing the political process, said Greg

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Christine Beckwith to emcee engage.talent event

From Christine Beckwith’s point of view, what will set mortgage lenders apart in 2020 and beyond is their ability to evolve quickly. That’s a lesson some learned the hard way last year when interest rates reversed course and birthed an unexpected refi boom — at least, for those who were

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U.S. construction spending rises 4.1% from November 2018

In November 2019, U.S. construction spending amounted to $1.324 trillion, which is 4.1% above the previous year’s rate of $1.271 trillion, the Census Bureau said. When compared to October 2019, construction spending was 0.6% above the revised estimate of $1.317 trillion. Spending on private construction during November was at a seasonally adjusted

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Brian Covey to speak at engage.talent Feb. 6

With just one search on Google, LinkedIn, or other online platforms, mortgage leaders can access more information than ever before on potential recruits. It should be easier than ever to find top talent, but according to Brian Covey, mortgage leader and recruiting expert, the mortgage industry’s use of outdated and

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