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Mortgage rates up to 7.57% this week on heels of strong jobs report: Freddie Mac

Housing Wire

“For the fifth consecutive week, mortgage rates rose as ongoing market and geopolitical uncertainty continues to increase,” Sam Khater, Freddie Mac’s chief economist said in a press release. At Mortgage News Daily on Wednesday, the 30-year fixed rate for conventional loans was 7.60%, up from 7.70% the previous week. earlier in October.

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Reverse mortgage lender hires former news anchor in new marketing push

Housing Wire

HomeEquity Bank , Canada’s leading reverse mortgage lender and a federally regulated bank, recently announced the hiring of former Canadian Broadcasting Corporation (CBC) news anchor Peter Mansbridge to serve as its strategic communications consultant. Mansbridge takes a turn at answering some of the biggest questions about retirement.”

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U.S jobs report surprises to the upside

Housing Wire

During his press conference at the Federal Open Market Committee meeting on Wednesday, Federal Reserve Chair Jerome Powell described the labor market as “strong” after the rate-setting body voted to leave its benchmark federal funds rate unchanged. The mining, quarrying, and oil and gas extraction industries posted fewer jobs. and were up 4.5%

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Better.com’s CEO Vishal Garg taking leave “effective immediately”

Housing Wire

One week after laying off 900 employees via Zoom and courting a mountain of bad press, Better.com ’s founder and CEO Vishal Garg is taking leave “effectively immediately,” according to an internal memo sent to employees of the digital mortgage lender on Monday. Vice’s Motherboard first reported the news on Friday morning.

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Drama mounts in Sitzer trial as HomeServices files a motion for mistrial

Housing Wire

The filing also takes issue with comments attributed to Ketchmark in articles published by Inman News , including statements that MacGill was trying to “trick” and “fool” the home seller plaintiffs in his questioning.

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Florida school district to build housing in effort to fill teacher vacancies

Housing Wire

Rent for those units will range between $1,263 and $2,160, according to a news release from the school district.” At Pinellas County Schools , a team of developers has been selected to convert the former junior high school into a development of roughly 225 apartments in total.

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Kevin Sears discusses changes and challenges at NAR

Housing Wire

On the podcast, Sears noted that all parties had agreed to an embargo on the news, but The New York Times broke the story an hour earlier, leading Sears to suggest that the plaintiffs’ attorneys leaked the news. “We We had an embargoed press release … and we were abiding by what was agreed to in the settlement.

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