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Read more: Mortgage rates – historically low era comes to an end “Given that last month’s sales numbers represent closings, the decline in sales came at a time earlier this year when rates were lower. The more likely reasons for the drop in…
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Read next: Bringing digital signature to mortgage close As part of the shake-up, Regi Vengalil, currently chair of the mergers and acquisition committee, will replace Saade as Porch’s lead independent director. “I am grateful for my time on…
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“Bidding wars intensified this year after rates started spiking, which lit a fire under buyers,” Fairweather said. “Competition will likely plateau or even decline if rates keep increasing as expected. Monthly mortgage payments for new…
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