Nearly a month after the Federal Reserve raised benchmark interest rates by 25 basis points, mortgage rates have remained stubbornly low, with 30-year fixed-rate mortgages dipping to 3.95 percent, according to Freddie Mac in its first Mortgage Market Survey of the new year. The slight 4 basis-point dip, from 3.99 percent to 3.95 percent for […]
We’ll add more market news briefs throughout the day. Check back to read the latest. Most recent market news Thursday, January 4 Freddie Mac Primary Mortgage Market Survey 30-year fixed-rate mortgage (FRM) averaged 3.95 percent with an average 0.5 point for the week ending January 4, 2018, down from last week when it averaged 3.99 […]
Luxury real estate brokerage Hawaii Life has merged with top-tier Honolulu boutique Choi International, which will now be known as the Choi Group with Hawaii Life, effective immediately. For Hawaii Life principal broker and CEO Matt Beall, Choi International’s decision to join forces with his brokerage — after approaches from a number of others over […]
Gold watches aren’t the only thing some retirees are taking with them into retirement: they’re also carrying a mortgage. According to American Financing’s “Retirement and Mortgages” survey, nearly half (44 percent) of all 60- to 70-year olds exit the workforce while still making house payments. A third say it will be eight more years before their […]
The Fed has several jobs. The long-term one overrides all: stable purchasing power in the dollar — which means neither excessive inflation nor deflation, a target of 2 percent annual inflation (much lower is as damaging as much higher). The Fed’s second job: try to maintain a stable economy — raise the cost of money […]
Peter Lorimer quickly became the no. 1 Keller Williams agent in Los Angeles not by being a door-knocking suit (that’s just not for him) but by embracing his easy-going (but hard-working) personality. Today, he owns the successful PLG Estates, where he continues to grow the brand he established. Tune in to Lorimer’s ICSF 2017 session […]
JK Realty broker-owner Kala Laos has figured out the secret to successfully marketing her business: stop creating content and start documenting instead. Find out what happened at JK Realty when the team hired a “predator” — or a photographer, editor and videographer — to take their story one step further by creating a reality show […]
As much as I appreciate how Rob Hahn’s mind works, his interpretation of Bob Goldberg’s statement in his CEO report at the NAR Board of Directors meeting in November is completely inside out. Goldberg said, “First and foremost, it’s imperative that we are not just the National Association of Realtors, we are also the National […]
As a new real estate agent, Brandon Mulrenin was eager to start big and determined to sell more homes than most. Thanks to solid planning and the right support, he actually did it — Mulrenin sold 116 homes his first year as an agent. On a recent podcast with Pat Hiban, Mulrenin explained how he […]
Homebuying is often a very emotional decision. It’s easy to see why, as your clients’ homes are their sanctuaries that provide stability and fulfill dreams. But there’s no reason your clients can’t also get a sizable return on their investment. The problem is that often homebuyers don’t know how to think about their homes to […]
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