Mortgage rates tumble, reach lowest level since June
For those who can find a home to buy, falling rates will provide significant relief.
December 21, 2023
Dave Gallagher
Director, News Reporting
Dave's journalism career spans 24 years covering business, the economy and real estate in Northwest Washington. He's also a numbers nerd, examining data to spot emerging trends in industries. Having started his career as a sports writer, he's a lifelong baseball and soccer fan and recently discovered pickleball. He grew up in Yosemite National Park and earned his journalism degree at Humboldt State University in northern California.
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- 3 ways commissions lawsuits will change the industryLending changes, outside-the-box compensation options and some amount of agent attrition are likely outcomes, say T3 Sixty executives.December 20, 2023
- Optimism growing among builders, mortgage industryThe latest NAHB survey shows improving builder confidence, and even Fannie Mae’s more bearish economists see a recovery ahead.December 19, 2023
- DOJ still not satisfied with proposed MLS PIN settlementThe Department of Justice has inserted itself — again — in the Nosalek buyer-broker commissions case ahead of final settlement approval.Updated December 20, 2023
- New Texas commissions lawsuit names more than 40 defendantsThis is the second lawsuit challenging buyer agent compensation to be filed in the state in just over a month and includes many of the same players.December 15, 2023
- Rates fall below 7%, driving momentum in the marketThe seventh straight week of mortgage interest declines has led to more holiday season homebuying activity.December 14, 2023
- Home sales will bounce back in 2024, says NAR panelEconomists were optimistic about the year ahead, but noted that inflation and mortgage rates will be key factors.December 12, 2023
- Bay Area MLS, national brokerages hit with new commissions suitAnother buyer-broker commissions lawsuit, filed Dec. 8, names NAR, San Francisco-area associations, BAREIS MLS and five national brokerages.December 11, 2023
- New York’s largest MLS just got biggerOneKey MLS is acquiring Mid-Hudson MLS, bringing its membership to nearly 50,000.December 11, 2023
- The Ten: All eyes on Hanna after bold listings shift — but now what?After becoming CEO of the nation’s largest independent brokerage, Hoby Hanna limited access to some listings. Expanding that approach is the table for 2024.December 9, 2023
- Optimism about buying a home hits an all-time lowEven with mortgage rates dropping, challenges like affordability and stagnating household finances are keeping consumers wary.December 7, 2023
- Mortgage rates flirt with the 7% mark, could drop furtherIt’s the sixth straight week of declines, coinciding with signals that the economy is cooling.December 7, 2023
- Florida commissions lawsuit targets largest state associationThe Florida Association of Realtors and 16 brokerages are named in the seventh major antitrust case filed by home sellers since the Sitzer/Burnett verdict.Updated December 12, 2023
- New commissions lawsuit names Pennsylvania MLS, brokeragesWest Penn MLS and multiple brokerage companies are defendants in the latest buyer-broker commission suit filed Monday by home sellers in Western Pennsylvania.December 5, 2023
- 2024 may bring ‘season of hope’ amid lawsuits and AI shiftsMortgage rates, inventory and prices are expected to improve for homebuyers in the new year as the industry responds to commissions-focused court cases.December 5, 2023
- A guide to the real estate commissions casesTrying to keep up with all of the recent lawsuits challenging the way agents get paid? Here’s a cheat sheet.Updated October 8, 2024
- Redfin settles class action case over wagesMore than 2,700 Redfin agents are eligible for compensation from the $3 million settlement payout.December 1, 2023
- DOJ asks Court of Appeals to reopen case against NARThe DOJ wants to revisit an antitrust case originally settled in 2020, and if successful, could demand even more changes to commission practices.December 1, 2023
- Despite economic volatility, most people can still pay their mortgagesThe latest CoreLogic report shows delinquencies at record low levels, although there are some warning signs.November 30, 2023
- Falling rates and rising inventory a good combo for buyersRates edged closer to the 7% mark this week, improving affordability. Coupled with a small bump in listings, that could mean more year-end sales.November 30, 2023
