Keller Williams sheds ‘traditional broker’ shell for new data-driven model

Data sharing among the company’s 173,000 agents “will be the focal point going forward,” said CEO John Davis at Keller Williams’ Family Reunion event in Anaheim, California. “We are not going to play from somebody else’s playbook. We may have to expand the definition of culture. Specifically how and when we share with each other.” …

Economic Forecast Rosy, but Susceptible to Volatility

Economic growth likely will not succumb to volatility, with GDP forecasted at a healthy 2.7 percent for the year, according to Fannie Mae’s Economic & Strategic Research (ESR) Group’s recently released Economic and Housing Outlook for February 2018. There is, however, potential for upheaval, which could have effects in housing. “‘Fiscal Policy and the Fed: […]

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Mortgage Rates Rise Swiftly

The average 30-year, fixed mortgage rate is rising swiftly, at 4.38 percent this week, according to Freddie Mac’s recently released Primary Mortgage Market Survey® (PMMS®). The average 30-year, fixed mortgage rate was 4.32 percent last week. Concurrently, the average 15-year, fixed mortgage rate is 3.84 percent, up from 3.77 percent last week, while the five-year, […]

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Homebuyers unfazed by possibility of rising mortgage rates: Redfin

Buyer demand has continued to remain high despite bustling home prices, low inventory and the recently passed tax reform. So what would drive down demand? According to Redfin’s latest survey, not much …

Mortgage Rates at Highest in More Than a Year

The average 30-year, fixed mortgage rate is at its highest in more than a year: 4.32 percent, according to Freddie Mac’s recently released Primary Mortgage Market Survey® (PMMS®). Last week, it averaged 4.22 percent. “The U.S. weekly average 30-year fixed mortgage rate rocketed up 10 basis points to 4.32 percent this week,” says Len Kiefer, […]

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Mortgage Rates Up One-Quarter Percentage Point Since Start of Year

The average 30-year, fixed mortgage rate is 4.22 percent—hitting more than a one-quarter percentage point increase since the start of the year, according to Freddie Mac’s recently released Primary Mortgage Market Survey® (PMMS®). The average 30-year, fixed rate was 4.15 percent last week. It is likely mortgage rates will rise in the year ahead, says […]

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Mortgage rates rose again this week

Keeping in tune with the last two weeks, mortgage rates have continued their steady climb into the third consecutive week of increases …

Average 30-Year Mortgage Rate Charges Above 4 Percent

The average 30-year, fixed mortgage rate charged to 4.04 percent this week, up from 3.99 percent the week prior, according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS®). The 15-year, fixed rate averaged 3.49 percent, up from 3.44 percent the week prior, while the five-year, Treasury-indexed hybrid adjustable rate averaged 3.46 percent, the same as […]

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Home listings will continue to be rare gems in 2018

According to economists, mortgage rates are expected to rise this year, further aggravating low inventory …

Consumers losing confidence in housing, job security

In December, Fannie Mae’s Home Purchase Sentiment Index (HPSI) decreased 2.0 percentage points month-over-month to 85.5 — a reversal from November’s 2.6 percentage point gain which neared September’s all-time high index score of …