Real Estate Broker/Agency News

Mortgage rates jump to 5.78%, largest 1-week increase since 1987

Purchase mortgage rates climbed 55 basis points, reflecting surging inflation and the Federal Reserve‘s (The Fed) tightening monetary policy. According to the latest Freddie Mac PMMS, purchase mortgage rates this week averaged 5.78%, compared to 5.23% the week prior. A year ago at this time, 30-year fixed rate purchase rates were at 2.93%.

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3 tips to grow your mortgage broker business

Whenever people want to get a mortgage, they search for professionals who can streamline the process. That’s precisely when your mortgage broker business comes to the rescue. In this article, you will find tips on how to grow your business, as well as five big mistakes that you may be

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FHFA wants GSE pricing tweaks and counterparty exam authority

Fannie Mae and Freddie Mac’s pricing frameworks may see changes to better serve “core mission borrowers,” according to the Federal Housing Finance Agency (FHFA). The regulator also, again, argued for examination authority over entities doing business with the government-sponsored enterprises. In its annual report to Congress, FHFA said it instructed

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Appraisal Logistics brings 2 new execs on board

Appraisal management technology and compliance solutions provider Appraisal Logistics has named Anthony Savala as senior vice president of sales and Nicholas Turansky as national account director. Savala will lead the company’s sales team, adding new clients for the company’s Appraisal Management Company (AMC) business and its appraisal management technology, AIM-Port.

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Fed moves fast, increases rates by 75 bps

The Federal Reserve (Fed) on Wednesday did something it hadn’t done in more than two decades: it raised the federal funds rate by 75 basis points, to 1.50-1.75%, a hike not seen since 1994.  The decision, designed to slow the pace of inflation, which reached 8.6% in May for the

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