Homebuyers seek independent research, but still want a real estate agent
From business practice changes, to a slowing housing market, to rapidly advancing technology, real estate agents have had to adapt quite a bit over the past few years. Still, homebuyers find them more important than ever. Data from Cotality shows that while more than 500,000 agents have entered the
Read MorePowell’s Jackson Hole speech stirs cautious optimism for housing

Federal Reserve Chair Jerome Powell’s speech on Friday at the Jackson Hole Economic Symposium left real estate and mortgage professionals cautiously optimistic. While expectations are building for lower interest rates, volatility remains a concern. In his final address as Fed chair at the Federal Re
Read MoreUSDA is automating its loan application uploading

The U.S. Department of Agriculture (USDA) announced this week that it has awarded technology services firm Phoenixteam a $49 million contract to modernize its mortgage underwriting platform, the Guaranteed Underwriting System (GUS). The Arlington, V.A.-based company will overhaul GUS, which supports
Read MoreMortgage rates hit year-to-date lows after Powell comments
We’ve reached fresh new year-to-date lows in mortgage rates after Jerome Powell, speaking at the Jackson Hole Economic Summit on Friday, suggested that the labor market may be more important than inflation for the time being. If only someone had been saying that for a few years! All jokes aside, mor
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