Modest Recovery For Mortgage Rates

After one of the best 3-day winning streaks in decades last week, mortgage rates jumped a bit to start the new week.  That jump turned out to be a temporary correction as Tuesday brought a mild recovery.   Rates are determined by trading levels in the bond market and bonds take cues f

Mortgage Buydowns: How Do They Work?

Some homebuyers priced out of the market opt for a mortgage buydown, usually funded by sellers, in order to lower their monthly payments for the first few years.

Processing Glitch Holds Up Some Bank Deposits

Electronic fund transfer problem wasn’t a scam: TCH, which is owned by 22 major banks, says some e-deposits failed last week due to a technical error.

Brokerage’s Key to Long-Term Success? Retention

Brokers who can keep RE agents for years have many traits in common, with trust topping the list and “ongoing steadfast support” close behind.