Mortgage rates flatten ahead of jobs report, Fed meeting

Even after dropping considerably over the past month, mortgage rates remain well above 7% ahead of the next U.S. jobs report and the next meeting of Federal Reserve policymakers.Mortgage rates were nearly flat on a weekly basis as HousingWire’s Mortgage Rates Center showed that the average 30-year r
Read MoreCFPB issues warning on ‘fine-print tactics‘ used to ‘trick‘ consumers

On an enforcement streak since the U.S. Supreme Court rejected a challenge to its funding mechanism in mid-May, the Consumer Financial Protection Bureau (CFPB) is now targeting the use of what it deemed ”unlawful or unenforceable” terms and conditions in contracts.On Tuesday, the U.S. consumer finan
Read MoreUpstart Zillow competitor Realoq expands

Realoq, a real estate portal with a “multi-sided marketplace“ that connects consumers and service providers, has expanded its services to Florida, Georgia and North Carolina.“Unlike industry stalwarts, Realoq’s free-to-use service offers a hand-picked and custom-vetted pool of local agents to provid
Read MoreHECM study assesses financial impacts of program over 20 years

A study commissioned by the U.S. Department of Housing and Urban Development (HUD) Office of Policy Development and Research (PD&R) in 2022 aimed to assess the state of the Home Equity Conversion Mortgage (HECM) program over a 20-year period.Released late last year, the study examined three core ele
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