Mortgage spreads hit lowest level in years, keeping rates near 6%

The unsung hero of the housing market in 2025 has been the improvement in mortgage spreads, because without the spreads improving as much as they have, mortgage rates would not have gotten near 6% this year. I forecast that mortgage spreads should improve by 0.27%-0.41% this year, from a 2.54% average in 2024, giving mortgage rates a better chance to move down toward the bottom end of my mortgage-rate...

NorthstarMLS restructures board, embraces new governance model

Minnesota’s NorthstarMLS is shaking up its governance structure. In an announcement on Wednesday, the MLS said that its shareholder associations, which include Minneapolis Area Realtors (MAR), the Saint Paul Area Association of Realtors (SPAAR), and the Southeast Minnesota Realtors (SEMR), have made the decision to embrace what they are calling a new, “business-forward governance...

Newrez wholesale leader Tony Kottenbrock talks about growing non-QM

Non-QM production at multi-channel mortgage lender Newrez has surged 40% in recent months, with company leaders pointing to enhanced guidelines and growing demand for second mortgages as key drivers of record-breaking wholesale production. Coming off of the company’s Q3 2025 earnings report on Thursday, Tony Kottenbrock, Newrez‘s head of wholesale, sat down with HousingWire to talk about the...

Realtor.com releasing 3D “FlyAround” property viewing tool

Realtor.com plans to introduce a new 3D property viewing tool called FlyAround. The tool allows users to explore homes and neighborhoods through a low-altitude satellite view. The feature will begin rolling out in the coming weeks. FlyAround uses Google Maps’ 3D technology and is powered by TopHap Inc. It integrates directly into property listing pages — offering a visual experience that shows...

Florida Realtors, Japan-America Real Estate Coalition expand ties

Florida Realtors has signed a memorandum of understanding with the Japan-America Real Estate Coalition Office (JARECO) — strengthening cooperation and expanding business opportunities between real estate professionals in Florida and Japan. Under the memorandum, Florida Realtors and JARECO will focus on professional development, market data sharing and global business outreach. Both groups have...

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