Mortgage rates drop to lowest level of 2024

The average 30-year fixed-rate mortgage dropped to 6.62% on Thursday, a new low for 2024 that appears to be tied to the expectation that the Federal Reserve could move to cut interest rates at its next meeting in September. This is according to data reported by Mortgage News Daily.On Wednesday, Fed

‘Political uncertainty’ has no historic impact on home sales: John Burns

Talk to a real estate agent about expectations for the fall and they’ll likely mention that the housing market will be slow due in part to the election, a belief in the industry that’s become rote.But a new report from John Burns Research and Consulting refutes that notion. The firm crunched 35 year

Planet Home Lending to acquire retail division of Axia Home Loans

Mortgage servicer and lender Planet Home Lending is acquiring the retail division assets of employee-owned Axia Home Loans, HousingWire has learned. Employees of the Washington state-based Axia, a retail and wholesale lender, were informed of the transaction on Wednesday afternoon in a one-hour call

Inside ‘Billionaires’ Bluff’: Why Paradise Cove Keeps Drawing the Superrich

Getty ImagesDriving north in Malibu, Calif., on the famed Pacific Coast Highway, there is a spot where the road veers away from the ocean, and the views are replaced by a hillside, thick foliage and, in some places, a man-made barrier. Many drivers have no idea they are driving past some of the worl