Mortgage rates gave back the improvement seen last Thursday and broke above last Wednesday’s levels to hit the highest mark since June 10th. This isn’t a big range in the bigger picture, but it does leave rates near 10-month highs. The move is also a bit counterintuitive given developments in other markets and typical correlations. […]

California lawmakers said they have agreed to place an $11.3 billion housing bond on the ballot this November, aiming to expand affordable housing and homeownership. Processing Content The proposal, Senate Bill 417, includes $10 billion of general obligation bonds for affordable housing programs and $1.25 billion of self-supporting revenue bonds for the state’s home loan

Ralo, which claims to be the first artificial intelligence mortgage broker, has started business, having completed a $2.9 million seed round. Processing Content Its investors include Y Combinator, Manresa Ventures and Pack Ventures, along with angels such as Charles Ferguson (director of Inside Job, a documentary about the Great Financial Crisis) and Ryan Frazier (co-founder