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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.”

Mortgages 359
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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%

MLS 334
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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.

Investor 406
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PennyMac, UWM raise conforming loan limit ceiling

Housing Wire

The top-ranked wholesale mortgage lender said in a press release that for special statutory provisions including Alaska and Hawaii, the baseline loan limit will be $937,500 for regular, one-unit conventional loans, up from $822,375.

Loans 454
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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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How real estate professionals can help first responders buy a home

Housing Wire

Send it to your database, post it on your social media and submit a press release to your local media sources. Submit an article to your online and offline news publications about these available programs. for first responders and consider doing any or all the following: 1. Make a video about some of the special programs available.

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