Editor’s Note: The Mortgage Mix is RISMedia’s highlight reel of need-to-know mortgage-industry happenings. Watch for it every other Friday afternoon. Start with the numbers: Mortgage rates are climbing fast, with Freddie Mac’s benchmark survey reporting 6.76% on average this week for the 30-year, while other sources found rates crossed the 7% threshold. -Rates are pushing…
Inflation saw no unexpected moves as the Iran war keeps the situation elevated, according to the latest data from the Bureau of Labor Statistics. With this month’s Consumer Price Index (CPI) a key indicator for the upcoming Federal Reserve meeting, all eyes are on price pressures, which are simultaneously weighing on household budgets. The August…
The Council of Multiple Listing Services (CMLS) has named Cameron Kinzer Director of Advocacy, in a move the trade association said will expand its capacity to represent the MLS community as legislative, regulatory and policy decisions increasingly shape the future of the housing market. Kinzer will lead CMLS’s government relations and public policy strategy,…
Agents and brokers are likely to continue encountering hesitant consumers, as the University of Michigan reports that preliminary sentiment dropped for the second month in a row on Sept. 11. The consumer sentiment index—which utilizes personal finances, business conditions and buying conditions to measure consumers’ attitudes toward the overall economy—now sits at 47.8 as a…
Who doesn’t like the look of a sleek, high-tech kitchen? It sure helps to sell a home on the market. But once someone’s actually cooking, ease of cooking is what counts. For Mark Stevenson, managing director and product designer at Stoveshield.com, there is a clear shift in how homeowners think about kitchen design. “People are…
Mortgage rates ticked up again this week, seemingly caught in an ongoing cycle of upward pressure as renewed tensions in the Middle East drive oil prices higher, stoke inflation concerns and push Treasury yields up, bringing mortgage rates along with them. This past week, rates reached a 14-month high at 6.76% for the average 30-year…
Across the West, 35 to 40 million people rely on the Colorado River Basin for water. The region is experiencing a 26-year drought, with Lake Mead, Lake Powell and the Colorado River all at historic low levels, according to the U.S. Department of the Interior. Federal officials issued major restrictions in late August, ordering California,…
What a hectic day September 11, 2001, was going to be. The entire RISMedia team was busily preparing to host 1,250 real estate professionals from across the country, scheduled to arrive that evening for RISMedia 13th Annual CEO & Leadership Exchange at the New York Hilton Midtown. We were extremely excited because this was going…
Existing-home sales fell at a faster rate in the latest report by the National Association of Realtors® (NAR) on Thursday. For August, existing-home sales decreased by 2% on a month-over-month basis and at a seasonally adjusted annual rate of 3.98 million. This marks the third consecutive month of declining sales, as July reported a decrease…
PropStream has announced an upcoming webinar, “Find Your Next Fix-And-Flip Deal With Dedric and Krystal Polite,” hosted by Dedric and Krystal Polite, self-taught rel estate investors, entrepreneurs and stars of A&E and Hulu’s 50/50 Flip. According to a release, the webinar will walk attendees through the fix-and-flip process, from finding potential opportunities for taking the…
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