Home purchase demand holds up even with mortgage rates at 6.7%
Rates for 30-year conforming mortgages stayed above 6.7% this week, but housing market activity has been resilient as weekly pending sales and purchase loan demand are up slightly compared to this time last year. At HousingWire’s Mortgage Rates Center on Tuesday, 30-year conforming loan rates averag
Opinion: Compass has made the MLS its proxy
When an industry’s incumbents can’t win on merit, they stop competing and start restricting. The MLS feed cutoffs to Zillow are the latest version of this pattern. Taxi commissions tried to slow Uber in 2014. They didn’t fight on product. They couldn’t. Uber was easier, cheaper and the cars were cle
Is the mortgage industry broken—or structurally misaligned?
There is an ongoing debate in mortgage lending about whether the industry is fundamentally broken or simply experiencing another cycle of technological evolution. Over the past decade, lenders have invested heavily in automation, OCR, verification services, title integrations and income validation t
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