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Fed cuts rates by 25 bps as inflation lingers, labor market weakens
The Federal Reserve lowered its benchmark interest rate by 25 basis points on Wednesday, setting the target range at 4% to 4.25%.
Coldwell Banker’s Jason Waugh urges agents to ‘own the moment’ in shifting housing market
Waugh reminded the audience that downturns typically last three to four years, citing slumps in the 1980s, 1990s and the 2008 housing crash.
American Senior Lending launches EquitySelect solution for retirees
EquitySelect, a nonrecourse first-lien home equity loan, offers flexible payments as low as 1% annually and a 40-year fixed term.
Law firm, trade groups petition Supreme Court to address New York foreclosure statute
The groups argue that the uncertainty caused by FAPA violates the due process and takings clauses of the U.S. Constitution.
Locked loan volume increases on falling mortgage rates
Optimal Blue reported that total lock volume increased by 1.95% compared to May, after volume dropped by 5.87% compared to April.
Mortgage rates are cooling, but a policy standstill is keeping them elevated
Help from the Federal Reserve in the form of lower benchmark rates is unlikely to arrive this month. The CME Group’s FedWatch tool on Tuesday showed that 95% of interest rate traders believe the federal funds rate will remain in a range of 4.25% of 4.5% when the Federal Open Market Committee meets at the end of July.
Compass attacks NWMLS claims as ‘misleading and self-serving’
The Robert Reffkin-helmed Compass fired back against claims made by NWMLS in its motion to dismiss the brokerage’s suit.
Anthony Lamacchia takes real estate’s fight to Trump
Lamacchia, a Boston-area broker known for his candor and industry advocacy, was invited to a private roundtable with Donald Trump just weeks before Trump’s second-term inauguration.
Five reasons real estate agents should care about tariff news
It’s nearly impossible to ignore news about tariffs and burgeoning trade wars these days. Discussion of these import taxes is suddenly everywhere, causing a frenzy of speculation about their effects on everything from the price of avocados to the future of manufacturing in the United States.
