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Mortgage rates level off, but is 6.5% the new normal?

Mortgage rates have soared in the past month, but market participants appeared to take a wait-and-see approach this week as they contemplate further price increases for home loans. On Monday, Mortgage News Daily reported that 30-year fixed rates averaged 6.43%, down 4 basis points in the past week. MND rates are based on best-execution pricing from lender rate sheets. HousingWire’s Mortgage Rates...

Baby Boomers Tighten Grip on Large Home Ownership

Squeezing Younger Families Out of the Market According to Redfin, baby boomers are retaining a disproportionate share of America's largest homes, deepening a generational imbalance that is constraining mobility for younger families and reshaping the dynamics of the U.S. housing market. Roughly 28% of the nation's three-bedroom-plus homes are owned by baby boomers living in one- or two-adult households,...

Nationwide Mortgage Bankers taps Herrera as president of Hispanic homeownership division

Americasa, a division of Nationwide Mortgage Bankers (NMB), has promoted Yasser Valdes Herrera to president. Since December 2023, he has been based in Miami and has served as vice president of Americasa, a Spanish-language mortgage platform helping the Hispanic community achieve homeownership. “Yasser has such an incredible drive and understands that our business is rooted in the success of those...

Click n’ Close appoints Delores Lopez chief operating officer

Click n’ Close announced its appointment of Delores Lopez as chief operating officer, effective Monday. In this role, Lopez will lead operations, drive scalable growth initiatives and implement operational strategy across the organization — reporting to company President Ian Kimball. “I’m pleased to welcome Delores to Click n’ Close,” said Kimball. “Her deep operational expertise and...

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