Mortgage tech firm Blend launched a software solution for home equity products amid a mad dash from lenders into the space. Instant Home Equity, an automated end-to-end digital home equity product for lenders, integrates income, identity verification, title, decision and property appraisal to save time and costs, Blend said in a release this week. Lenders […more]
We took a look at pop singer Kelly Clarkson’s hefty real estate portfolio to see what she’s bought and sold. Check out her harmonious homes.
Real estate and mortgage professionals are lamenting the slowdown in the housing market caused largely by inflation and economic uncertainty. But there is one benefit – some buyers are catching a (relative) break. The national median monthly payment applied for by mortgage applicants dropped $49 to $1,844 in July, marking improved homebuyer affordability for two straight […more]
South Carolina-based Movement Mortgage has acquired the brokerage Superior Rate Mortgage of New England to expand operations in the region, the company announced Wednesday. The terms of the deal were not disclosed. The acquisition is another step to boost its sales amid shrinking loan origination volumes. The company announced new hires in the sales executive team in early August. With the […more]
Closing software provider Qualia has launched Qualia Application Programing Interface (API), according to an announcement on Wednesday. Qualia says its API provides real estate businesses and PropTech companies the ability to automatically connect internal software tools, integrate with their commercial partners, and analyze their comprehensive performance data. Through the API, companies using the platform can […more]
Having dropped under 5 percent for the first time in four months three weeks ago, the average rate for a benchmark 30-year mortgage has since surged 56 basis points (0.56 percentage points) to 5.55 percent, including a 42 basis point jump over the past week alone. At 5.55 percent, the benchmark 30-year rate is now […more]
Rising bond yields drove mortgage rates higher this week. According to data released Thursday by Freddie Mac, the 30-year fixed-rate average climbed to 5.55% with an average 0.8 points. (A point is a fee paid to a lender equal to 1% of the loan amount. It is additional to the interest rate.) It was 5.13% […more]
Located in the town of Westerly, the home lovingly referred to as “Sandcastle” sits prominently in the coastal village of Watch Hill.
Volatile mortgage rates jumped back to the mid-5% level this week, slowing down the housing market, according to the latest survey from Freddie Mac. The 30-year fixed-rate mortgage increased 42 basis points this week to an average of 5.55%, up from last week’s 5.13%. A year ago this time, rates averaged 2.87%. The index compiles purchase […more]
It took 5 years to obtain the permits at this eco-friendly property, designed by an award-winning architect.