Mortgage Rates Hit 6.69% as Markets Await Critical Deal To Reopen Strait of Hormuz
Mortgage rates hit their highest level in over a year in a fresh blow to homebuyers, as the wait for a potential deal with Iran to reopen the strategic Strait of Hormuz continued this week. The average rate on 30-year fixed home loans climbed to 6.69% for the week ending Aug. 6, up 3 basis points f
Compass Defends Private Listings Strategy as Key Deadline in Congressional Probe Expires
Compass CEO Robert Reffkin has vigorously defended the brokerage giant's private listings strategy, even as Congress is preparing to probe aspects of the practice. Reffkin spoke at length about private listings on the company's earnings call Tuesday night, days after a congressional subcommittee lau
Mississippi’s Housing Crisis Is Forcing Young Adults To Live at Home With Parents Longer
The current housing crisis, marked by severe housing shortages, job losses, and significant cost-of-living adjustments, has profoundly impacted young adults. According to the most recent Census figures, 33% of young adults aged 18-34 live with their parents, nearing the historic highs seen during th
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