The 30-year fixed rate mortgage gained another 7 basis points this week, Freddie Mac reported, but the point-to-point movements do not tell the whole story. Processing Content Even as the 30-year FRM averaged 6.37% for the period ended May 7, the Freddie Mac Primary Mortgage Market Survey reported, observers noted rates trended lower the last […]
Mortgage rates rise, but there are signs of moderation ahead Read More »
Better Home & Finance remains squarely in the red, but executives remain adamant the company will hit a long-promised benchmark this year. Processing Content The lender recorded quarterly and annual growth in revenue and originations but still posted a $70 million net loss for the first quarter, it said Thursday. That mark includes a $20.9
Better is deep in the red despite origination, revenue gains Read More »
Zillow Group Inc. shares dropped as much as 9% in post-market trading on Wednesday after the company forecast second-quarter profit that missed Wall Street expectations, citing legal and advertising expenses and a flat housing market. Processing Content The online real estate marketplace sees second-quarter adjusted earnings before interest, taxes, depreciation and amortization in a range
Zillow drops as profit view misses on legal, ad costs Read More »