Newrez and Synergy One have struck a deal that will impact both companies’ retail channels, as competition in that part of the market heats up. Processing Content The Rithm unit is refocusing on joint ventures and locally based lending in retail, while the American Pacific Mortgage affiliate takes on responsibility for that part of the […]
Newrez hands distributed retail reins to Synergy One Read More »
Mortgage rates moved higher this week, as Treasury yields moved off of last week’s low as investors had concerns not just over the Iran ceasefire but also inflation. Processing Content The 30-year fixed rate mortgage averaged 6.49% as of July 9, the Freddie Mac Primary Mortgage Market Survey reported. This was up from last week
Mortgage rates increase behind Iran, inflation worries Read More »
Midyear forecasts expect home prices to slowly tick up this year, as mortgage rates and inflation remain elevated. Processing Content Realtor.com’s latest forecast projects prices will grow 1.2% in 2026, lower than its original estimate of 2.2% and well below the current pace of inflation, meaning home values are declining in real terms. Veros Real
Forecasters trim home price growth predictions as inflation bites Read More »