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Fed Announces Modest Rate Increase Amid Banking Turmoil
It’s been a weird couple of weeks in the U.S. economy as headlines were filled with news of failing banks and government bailouts. However, one headline that many were waiting for was how the Federal Reserve would respond in the face of a possible banking crisis. The uncertainty abated following, arguably, one of the most…
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The Power Broker Interview: Glenn Sanford on Success, Challenges and Why Most Competitors are ‘Basically Dinosaurs’
Editor’s Note: RISMedia recently released the Top 500 firms ranked in RISMedia’s 35th Annual Power Broker Report, exclusively for RISMedia Premier Members. The Top 1,000 firms will be available this April. Although we’re still in the first quarter of 2023, it’s already been quite a year for eXp Realty. Ousting long-standing, legacy firms to nab…
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Mortgage Rates Slide Down for Second Week
The 30-year fixed-rate mortgage (FRM) averaged 6.42% this week, a slide downward for the second week from last week’s drop to 6.60%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This week’s numbers: 30-year fixed-rate mortgage averaged 6.42% as of March 23, 2023, down from last week when it…
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