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Although the war in Iran has heightened affordability struggles for potential homebuyers, real estate agents are more optimistic about the housing market than they were a month ago. Processing Content The Real Brokerage’s Agent Optimism Index, which measures agents’ 12-month forward outlook, increased to 64 in April from 62 in March. While notably below February’s […]

Current interest rate levels are unlikely to budge until 2028 at the earliest, remaining within the same 10 basis point range for the next 18 months, according to a newly revised outlook from Fannie Mae. Processing Content The government-sponsored enterprise projects the 30-year fixed rate to average 6.3% in each of this year’s remaining quarters

Independent mortgage bankers achieved origination profitability for the fourth consecutive period in the first quarter, but at the same time, costs increased as well, the Mortgage Bankers Association said. Processing Content IMBs and bank mortgage subsidiaries reported an average pretax net production profit of $727 per loan, compared with a net production profit of $674