Mortgage Rates Rise Ever Higher, Hit 7.79%

The average for a 30-year, fixed-rate loan moved higher for the seventh week in a row. Last week it averaged 7.63%; a year ago, it was 7.08%.

4.9% 3Q Economic Growth Strongest in 2 Years

The economy more than doubled from its 2Q growth rate of 2.1% – but inflation also dropped to 2.4%. Some economists think 3Q is the high water mark before a slowdown.

HUD’s FHA Tools Now Require Two-Factor Authorization

To boost security, HUD Homestore and other loan tools will require users to prove their identity. HUD will send a code to registered devices that users must confirm.

Surviving the Shift to a Skills-Based Market

Follow up until people “buy, die or file a restraining order,” says one RE coach – and basic skills aren’t enough to succeed in today’s rapidly changing market.