Above: Walther Vasquez Johnson, an agent with Sterling, Virginia’s J&C Real Estate Solutions, is RISMedia’s 2025 Rookie of the Year winner. Photos by AJ Canaria. Behind many a successful real estate agent is the story of what might have been. A fork in the road that could have resulted in a very different outcome. In…
Federal Reserve Governor Michael S. Barr warned Thursday that the central bank’s battle against inflation is far from over, with price pressures expected to persist until 2027, as rising tariffs continue to ripple across the economy. Speaking at the Economic Club of Minnesota, Barr said the Federal Reserve continues to face elevated risks on both…
Universal Consulting Opportunities (UCO), a subsidiary of Stellar MLS, has announced an alliance with the Confederación Inmobiliaria Latinoamericana (CILA), a private international organization representing 700,000 real estate professionals in Latin America, to deliver Multiple Listing Service (MLS) expertise and education across the region. With this agreement, CILA and UCO will work to elevate real estate…
Mortgage rates are falling, which could be a step closer to affordable homeownership for many buyers, especially those in high-cost areas, according to online loan marketplace LendingTree. Nationally, the average rate on a 30-year fixed mortgage was 6.68% in July this year, a drop from July 2024’s 7.19%. The average calculated monthly payment across the…
Editor’s Note: The Mortgage Mix is RISMedia’s biweekly highlight reel of need-to-know mortgage-industry happenings. Watch for it every other Friday afternoon. – Rocket, United Wholesale Mortgage (UWM) and 24 major lenders have been named in a lawsuit alleging price-fixing amongst the organizations. The suit alleges that the lenders collaborated with mortgage software provider Optimal Blue…
Mortgage rates moved within expected patterns this week, edging down only slightly as the government shutdown reaches its ninth day. Last week, economists said rates were expected to remain within a tight range during the shutdown unless other unexpected developments emerge. According to the latest Primary Mortgage Market Survey® (PMMS®) released by Freddie Mac Thursday,…
Above: Leo Pareja and Todd Denman Teams have a lot of reasons to change their affiliation. They also have a lot of reasons not to. As 2025 increasingly becomes the year of consolidation, big companies are scrambling to recruit high-producing teams amid a general shuffle of power and priorities across the real estate landscape—moves that…
As the government shutdown limits activity in many markets, mortgage applications continue to drop for the second consecutive week, aligning with projections stating that October would see less demand and less competition between homebuyers. The Mortgage Bankers Association (MBA) reports that the market composite index—the measure of mortgage loan application volume—decreased 4.7% on a seasonally…
The post-settlement period in real estate might be remembered as the era of consolidation, at least based on 2025’s headlines. Along with many smaller buyouts, the purchase of consumer portal and discount brokerage Redfin by mortgage giant Rocket, and Compass’s (still pending) deal to take over Anywhere are somewhat unprecedented, at least since the post-Great…
At the September Federal Open Market Committee (FOMC), where interest rates were cut by 25 basis points, newly appointed Federal Reserve Governor Stephen Miran dissented and voted for a larger interest rate cut of 50 points. Miran has since called for further rate cuts. Today, at a moderated interview at the Managed Funds Association’s Policy…
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