Real Estate Broker/Agency News

Mortgage applications jump 16%

After several consecutive weeks of drops, mortgage applications jumped 16% for the week ending July 9, 2021, according to the latest report from the Mortgage Bankers Association. The prior week‘s report showed a 1.8% drop in applications to the lowest level since January 2020. The sudden increase in applications was driven

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Compass is Guaranteed Rate’s latest dance partner

Guaranteed Rate has found another dance partner. And Compass is borrowing from the playbook of its most visible direct competitor. Guaranteed Rate, the Chicago-based mortgage lender, and Compass, the New York City-headquartered residential real estate brokerage, “entered into a definitive agreement to form OriginPoint, a new mortgage origination company,” according

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Redfin: Bidding wars drop slightly in June

Competition between would-be homebuyers is still high, but an increase in homes hitting the market in June brought some relief from bidding wars. Per a recent Redfin study, 65% of home offers written by company agents in June faced competition, down from a rate of 72.1% in May and a

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Is NAR ready to rumble with DOJ?

Lisa Dunn was on her way to the American Automobile Association headquarters in Mission Viejo, California when her phone started blowing up. It was July 1, and the U.S. Department of Justice had just fired off a press release saying it withdrew from an antitrust settlement hammered out last November

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