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Rocket’s Varun Krishna Appointed To Newly Created Board Position

Rocket Companies expanded its board of directors from seven to eight, giving its chief executive officer Varun Krishna a newly-created seat. Krishna was voted to serve as a Class III director, effective December 21, 2023, according to an 8-K filing with the Securities and Exchange Commission (SEC) on Thursday.  Krishna

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How LOs, Mortgage Execs Are Preparing For 2024

After nearly two years of trudging through a frozen housing market, the consensus among mortgage professionals is that the worst of it is over. The Federal Reserve recently signaled plans to slash interest rates three times in 2024, shifting toward the next phase in its monetary policymaking. “It finally seems

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Mortgage Rates Continue A Downward Trend In The Twilight Of 2023

As we prepare to bid adieu to 2023, mortgage rates this week again stayed below seven percent. The 30-year fixed-rate mortgage averaged 6.61% as of Dec. 28, a slight decrease from the 6.67% rate recorded on Dec. 21 according to Freddie Mac‘s Primary Mortgage Market Survey released on Thursday. The

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Pending Home Sales Remain At Historically Low Levels

Pending home sales in November were largely unchanged from October’s levels, a month that saw the lowest pending sales since 2001. according to the latest data from the National Association of Realtors (NAR). NAR’s Pending Home Sales Index (PHSI) recorded a minor increase to 71.6 in November, from 71.4 one

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