Longer-term interest rates, such as mortgages, have largely priced in this latest increase and are not expected to have much of a reaction to the news.

The increase in purchase activity offset a decrease in refinancings. 

The bilingual leaders cited Rate’s Spanish-language technology as a major motivator behind their transition.

The updated underwriting guidelines have caused consternation among many in the housing industry. 

Texas is the 32nd state to join Knock’s Bridge Loan program.

Across their careers, Johnson and Masterman have collectively originated over $2 billion in residential mortgage loans.

The uptick was driven by a slight dip in mortgage rates. 

The increase was driven by refinancing activity as purchase applications dipped. 

Joella Benson is the top-transacting Latino mortgage originator in the Dallas-Fort Worth area, according to the annual Top 250 ranking from the National Association of Hispanic Real Estate Professionals.

The rate passed the important psychological boundary just as the spring buying season is set to begin, Freddie Mac said. 

The Fed said that while economic activity has been expanding at a solid pace, job growth has remained low, and inflation is “somewhat elevated.”  

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The move was expected, but came amid increasing dissention among Fed officials, who voted for the cut by the sharpest division in six years.

As part of the relaunch, Rate announced the results of a study it conducted, which found almost seven in 10 homebuyers said homeownership keeps them up at night. 

The Federal Reserve trimmed its federal funds rate from 4% to 3.75% as it seeks maximum employment and inflation of 2%. 

Fannie Mae also reduced its forecasts for home sales in 2025 and 2026.