Mortgage rates continue falling before Thanksgiving: Freddie Mac

Mortgage rates dropped significantly in the last few weeks, but the cost of borrowing remains high prompting many homebuyers to wait for even lower rates. The 30-year, fixed mortgage rate averaged 7.29% for the week ending Nov. 22, according to Freddie Mac‘s Primary Mortgage Market Survey. That’s do
Read MoreHere’s what you can expect from the 2024 housing market

Going more in-depth than a Fed meeting, our virtual Housing Market Update event provides you with the strategy-building insights needed to operate in 2024. It’s a savagely unhealthy housing market out there, and these economists unpack what that means for you. Register for the virtual event on Dec.
Read MoreClass Valuation’s CIO on solving the appraisal conundrum

Editor in Chief Sarah Wheeler sat down with Scot Rose, CIO at Class Valuation, to talk about innovation in the appraisal space and how the technology being deployed for appraisal modernization can actually protect appraisers. This interview has been edited for length and clarity. Sarah Wheeler: You’
Read MoreForeclosure starts rise in October but near-term risk is muted: ICE

While foreclosure completions remained relatively flat in October, foreclosure starts rose to 33,000, hitting their highest level in 18 months, according to the ICE Mortgage Monitor report.In October, there were 217,000 loans in active foreclosure, up 3,000 since September. However, this remains 25
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