Mortgage Rates Below 6% Signal Shift in Housing Market—and Save Buyers a Full Monthly Payment

Mortgage rates have fallen below 6% for the first time in more than two years—a psychological and financial milestone that could begin to thaw a housing market frozen by a prolonged high-rate era. The average rate dipped to 5.98% this week, its lowest level since September 2022. For buyers, that dro

loanDepot executive Alex Madonna departs, starts Trust One Financial

Just months after loanDepot‘s Alex Madonna was named to a new role to focus on emerging technology, artificial intelligence and modern sales structures, it was announced that he’s departing the company. Madonna, who was most recently loanDepot’s executive vice president of direct lending and spent 1

New Jersey reverse mortgage counseling bill would have ‘chilling effect’ on senior home equity use, NRMLA says

The National Reverse Mortgage Lenders Association (NRMLA) this week sent a letter to a New Jersey lawmaker, stating its opposition to a legislative proposal tied to reverse mortgage counseling requirements in the Garden State. The letter is addressed to state Sen. Shirley Turner (D), the sponsor of

6 Reasons Why It Makes Sense To Sell a Home Right Now—Before the Spring Rush

Thinking about selling your house? While many home sellers wait until spring to put their property on the market, experts say there are advantages to listing sooner rather than later—especially this year. Alex Platt, a real estate broker in South Florida, says that last year, he advised many clients