Mortgage rates level off, but is 6.5% the new normal?

Mortgage rates have soared in the past month, but market participants appeared to take a wait-and-see approach this week as they contemplate further price increases for home loans. On Monday, Mortgage News Daily reported that 30-year fixed rates averaged 6.43%, down 4 basis points in the past week. MND rates are based on best-execution pricing from lender rate sheets. HousingWire’s Mortgage Rates...

True Footage lands $40M Series C as appraisal industry hits ‘critical’ AI phase

True Footage has raised a $40 million Series C round led by Cox Enterprises’ Socium Ventures that will fund expansion of its staff appraiser model and its data and analytics platform for lenders and consumers. True Footage launched in 2021 with a thesis that appraisal quality and turn times could be improved by combining W-2 staff appraisers with standardized data collection and software rather than...

Residential contractors remain AI-skeptical early on, report finds

The use of artificial intelligence in residential contracting is still in its early stages, with only a minority of contractors fully integrating AI into their workflows. That said, interest in leveraging new technologies is steadily increasing across the industry. That was one of the main findings from ServiceTitan’s 2026 Residential State of the Trades report released on Tuesday. The report...

The rumors aren’t true. Housing market crash unlikely despite war, high rates

A U.S. housing market crash remains extremely unlikely in 2026 even as the war in Iran strains buyer psychology, according to Logan Mohtashami, lead economic analyst for HousingWire. The conflict with Iran has sent mortgage rates higher over the last five weeks, from a low of 5.99% to a high of 6.64%. Weekly pending home sales last week reached 70,676, down from 72,191 during the same week in 2025...

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