The majority of homebuyers now expect artificial intelligence to play a role in the buying process but their trust in it is diminishing. Processing Content Three-quarters of buyers assume AI has already been embedded in the housing ecosystem, according to a new study from Cotality. But 55% of buyers in the United States would prefer […]
Buyers expect AI in mortgages, but trust is slipping Read More »
Key takeaway: Fed Gov. Stephen Miran said he could now foresee three short-term interest rate cuts instead of four, citing shifts in the underlying composition of headline inflation. Expert Quote: “What’s happened in the last couple of months before the war broke out is that even though headline inflation was going sideways, the underlying composition
Fed’s Miran downplays inflation risks, rethinks rate cuts Read More »
Mortgage rates fell 7 basis points this week to their lowest point in four weeks, as investors reacted to news the conflict with Iran might soon be resolved. Processing Content The 30-year fixed-rate mortgage averaged 6.3% as of April 16, down from last week’s 6.37%, the Freddie Mac Primary Mortgage Market Survey found. A year
Mortgage rates hit 4-week low on Iran conflict news Read More »