Compass INC Reports a 14 Percent Decline In Q3 Revenue

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In: Mortgage News

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Compass, Inc. CEO Robert Reffkin, who reported the company’s third-quarter earnings this week, said the real estate industry was “artificially bad,” with sales down 14 percent last year, without commenting on the industrial real estate.  “It’s been a real yearContinue Reading

BayFirst National Bank Shuts Down Residential Mortgage Business

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In: Mortgage News

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High mortgage rates, low transaction costs, and intense competition prompted BayFirst National Bank to close its mortgage business and lay off workers. BayFirst National Bank’s parent company is BayFirst Financial Corp. Last week, the council announced that it had begunContinue Reading

Surging Interest Rates Leading Sellers To Reduce Their Selling Price

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In: Realtor News

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A few new reports from real estate organizations propose buyers might be beginning to get a break in this super hot real estate market.  More postings are coming available to be purchased, and a few sellers are bringing down theirContinue Reading

Borrowers Look out as Mortgage Rates are at Peak since COVID Began

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In: Realtor News

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Mortgage interest rates are ablaze in 2022, up 30 premise focuses to 3.45% in the initial fourteen days of January alone-and the most elevated since March 2020.  While rates are still low compared with Pre-Covid levels, ever more blazing expansionContinue Reading

May 18 2021 – Mortgage And Refinance Rates Crept Higher

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In: Mortgage News

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Last updated on December 26th, 2022 at 09:34 pmImportant mortgage rates like the 30-year fixed and 15-year fixed mortgage rates grew. Also, the common type of variable-rate mortgage notched higher. Mortgage Rates Currently The 30 years fixed mortgage rate isContinue Reading