A report released Tuesday by the Consumer Policy Center (CPC) claims that Americans are overlooking thousands of dollars in savings on home sales, which they attribute to consumers “grossly overpaying” agents for their services. According to Mark Nadel, the author of the report and a senior fellow at the CPC, these overpayments are due to […]
Do home sellers lose billions to high agent commissions? Read More »
President Donald Trump is set to speak Wednesday at the World Economic Forum in Davos, Switzerland, and it’s already proving to be a catalyst for mortgage rates. Mortgage News Daily reported on Tuesday that 30-year fixed rates averaged 6.21% — up 14 basis points from Friday. HousingWire’s Mortgage Rates Center, which tracks locked loans across
Mortgage rate volatility returns ahead of Trump’s Davos speech Read More »
Mortgage rates jumped sharply higher on Tuesday in response to weakness driven by geopolitical events and overseas financial markets. After hitting lows of 5.99% for a few hours on January 9th and spending last week in the low 6’s, the average top tier 30yr fixed rate is back up to 6.21% today. This matches the
Mortgage Rates Jump to Match Highest Levels in Nearly a Month Read More »