mls-mortgages 
Housing Wire
FEBRUARY 13, 2024
Intercontinental Exchange (ICE) announced a multiyear licensing agreement with REdistribute for permissioned access to multiple listing services (MLS) information. Launched in 2022 by BrightMLS and California Regional MLS , REdistribute is an MLS-owned company that includes licensed data from more than 40 MLSs.
Housing Wire
FEBRUARY 15, 2024
Mortgage rates climbed 13 basis points this week on the back of Tuesday’s strong inflation reading. The 30-year fixed-rate mortgage averaged 6.77% as of Feb. 15, an increase from last week ’s figure of 6.64%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday.
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Housing Wire
FEBRUARY 1, 2024
Mortgage rates continued their downward plunge this week as inflation keeps decelerating. The 30-year fixed-rate mortgage averaged 6.63% as of Feb. 1, a decrease from last week’s figure of 6.69%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday. Is the housing market normalizing?
Housing Wire
FEBRUARY 29, 2024
The softening in sales was primarily a factor of wintry weather rather than declining demand, according to Bright MLS chief economist Lisa Sturtevant. However, consumers are showing extra sensitivity to changes in mortgage rates in the current cycle, and that’s impacting home sales.” Pending home sales dropped 4.9% in December. “The
Housing Wire
FEBRUARY 2, 2024
“While job growth in January seems to suggest the economy will continue to grow quickly, the picture could begin to shift as more people have to rethink their spending habits,” Bright MLS chief economist Lisa Sturtevant said in a statement. Average hourly earnings for private-sector employees grew by 0.6% month over month to $34.55
Housing Wire
FEBRUARY 13, 2024
” Bright MLS Chief Economist Lisa Sturtevant expects the Fed to cut rates later this year and forecasts mortgage rates to come down. Look for May for the first Fed rate cut at the current trend.” However, she doesn’t anticipate homebuyers to feel that much of a relief as prices remain elevated, including home prices.
Housing Wire
FEBRUARY 22, 2024
Existing-home sales picked up in January as buyers took advantage of the lowest mortgage rates seen in several months. Listings were modestly higher, and home buyers are taking advantage of lower mortgage rates compared to late last year.” But not all consumers are put off by higher mortgage rates. Existing-home sales rose 3.1%
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