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Realtor.com Forecasts Mortgage Rate Relief By End Of 2024

Realtor.com's midyear, revised update for its 2024 Forecast predicts mortgage rates will end the year at 6.3%.

Analysis and Data
Planet Home Lending Acquires Certain Retail Assets Of Axia Home Loans

The acquisition was confirmed Aug. 13 in a release from Planet Home Lending

Distributed Retail
People On The Move
Fairway Independent Mortgage Announces Executive Promotions

Haley Parker has been named Chief Marketing and Business Development Officer, and Brittny Hovland has been promoted to Senior Vice President of Operational Support

People On The Move
Low Affordability Opens Window For Riskier Financing

A growing share of borrowers are over-leveraged as piggyback mortgages rise in popularity and necessity

Analysis and Data
Home Equity
Existing Single-Family Home Prices Hit Historical Highs In Q2 2024

National Association of Realtors records highest median home price in a single metro area since 1979

Analysis and Data
Home Builder Credit Tightened In Second Quarter

Average effective rates on loans for land acquisition and speculative single-family construction were the highest they’ve been since 2018.

Construction
CHLA Board Of Directors Appoints Sue Melnick

Melnick is currently chief operating officer and chief compliance officer at Bay Equity Home Loans.

People On The Move
Aug 13, 2024
The Interest
July Refinance Activity, Rate Lock Volume See Increases

Optimal Blue's July 2024 Market Advantage mortgage data report shows a lift in mortgage activity as interest rates dip

Analysis and Data
Rocket Companies Hires First Chief People And Places Officer

Prior to joining Rocket, Glenn McGillivray spent 25 years at Intuit

People On The Move