2025

Mortgage rates drop to another new low for 2025

Mortgage rates reached a new 2025 low today, despite core inflation running at 3.1% year over year, according to the CPI report this week. The softening labor data and improved mortgage spreads currently overshadow any concerns about inflation. If the jobs data were exceeding estimates, the situation would be different. According to Mortgage News Daily, mortgage rates have dropped to a low of 6.53%,...

eXp Realty’s Sumanth Kamath on AI and digital twins

Sumanth Kamath — chief technology officer at eXp Realty — took the stage Tuesday in Dallas at HousingWire’s AI Summit to share how his company is using artificial intelligence (AI) to drive efficiency, empower employees and scale operations. In a conversation with HousingWire Senior Director of Data and Content Tracey Velt, Kamath described a sweeping AI strategy that includes everything from...

OneTrust challenges mortgage coaching neutrality in suit over trade secrets

OneTrust Home Loans filed a lawsuit this week challenging the long-promoted neutrality of mortgage coaching programs, alleging the services were used by a rival to gain a competitive edge. The California-based lender is suing former loan officer Broch Lassig, mortgage coach Richard Ruby, and Ruby’s company, The Core Training, accusing them of misusing confidential business information to harm its...

U.S. Home Price Growth Slows as Affordability Pressures Mount in 2025

In the second quarter of 2025, home price growth cooled across U.S. metro areas, reflecting shifting market dynamics amid persistent affordability challenges and rising mortgage costs. According to the National Association of Realtors latest report on Metropolitan Median Area Prices and Affordability, 75 percent of the 228 metro markets recorded home price gains, down from 83 percent in the first quarter....

Redfin: A year after the NAR settlement, agent commissions are up

As the one-year anniversary of the implementation of the business practice changes stemming from the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement approaches, Redfin is reporting that buyer agent commissions are higher than they were a year ago. According to Redfin’s analysis published Tuesday, during the second quarter of 2025, the average buyer’s...

VA’s John Bell III stepping into new role at Office of Mission Support

Longtime U.S. Department of Veterans Affairs (VA) executive and mortgage professional John Bell III announced on LinkedIn that he’s leaving his role as executive director of the VA’s Loan Guaranty Service (LGY). Bell’s post on Monday touted his key accomplishments at the VA, such as increasing its mortgage market share from less than 1% to 14% and expanding its portfolio to $1.5...

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