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Refinance Mortgages Make Up Over 60% of All Applications
After last week’s major uptick in mortgage loan applications, borrower activity remains high. Yet, despite a slowly falling 30-year fixed mortgage rate (FRM) at around 6.26%, mortgage application growth begins to cool down alongside the weather. The Mortgage Bankers Association (MBA) reported only a nominal 0.6% increase in the market composite index—the measure of mortgage…
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Beyond Listings: Elevate Your Value in an Era of Transparency and Trust
In today’s marketplace, consumer expectations are evolving faster than ever. Buyers and sellers demand transparency, trust and choice at every step of their real estate journey. For agents and brokers to stand out in this landscape and remain competitive, it is essential to demonstrate their value at every point of their clients’ homeownership experience. Stellar…
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New-home sales spiked in August to highest rate since 2022
Bright MLS Chief Economist Analyzes Broader Implications of Federal Actions on Today’s Housing Market
Above: Bright MLS Chief Economist Lisa Sturtevant. Photo by AJ Canaria. While all eyes might be on America’s favorite celebrity couple—Travis and Taylor—there’s another high-stakes relationship unfolding behind the scenes with far greater implications for the housing market. That’s the relationship between Federal Reserve Chair Jerome Powell and President Donald Trump, arguably the most influential…
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