Optimal Blue: Rate-and-term refis soar 70% in August
Borrowers rushed to refinance in August as mortgage rates eased, pushing rate-and-term lock volume up 70% from July, according to Optimal Blue’s Mortgage Market Advantage report.
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Bipartisan House bill would strengthen HUD’s grip on manufactured housing standards
“We must ensure that HUD has primary authority over all manufactured housing standards,” Rep. Mike Flood said in a statement.
Clayton debuts CrossMod manufactured homes at HUD showcase
The featured model — called the Cypress and expected to cost roughly $200,000 — is 990 square feet with two bedrooms and two bathrooms.
AREAA releases 2025 A-List of top-producing agents and teams
The Asian Real Estate Association of America (AREAA) has named 109 individual agents and 64 teams to its annual A-List.
Homeownership among Black Americans drops to 4-year low
Results were down roughly 1.5% from this time last year and marked the steepest annual decline since the third quarter of 2021.
Fannie Mae: Consumer housing sentiment slips in August
More positive outlooks for mortgage rates and homebuying conditions were not enough to offset declines in seller sentiment, home-price expectations, household income growth and job security.
Compass taps former NAR settlement attorney Ethan Glass as chief legal officer
Glass represented the National Association of Realtors in the Sitzer-Burnett lawsuit, and Compass in its lawsuit against Northwest MLS.
The next generation of homebuyers is ‘overloaded’ and confused
Less than half of survey respondents could correctly answer basic questions about interest rates, credit scores and retirement savings.
Bill aims to expand affordable housing on unused religious, college land
Federal resources would help religious institutions and higher education campuses develop rental housing on property they already own.
US housing market value hits record $55T, but growth is slowing
New York posted the biggest gain — equal to about one-quarter of the nation’s increase — while values in Florida and California fell.