Purchase applications fell 7% from the previous week and slipped 2% below the same week one year ago. Buyers continue to face a market defined by high home prices and a persistent shortage of affordable listings. As mortgage rates keep the US housing market subdued through 2026, those conditions have shown little sign of easing […]
Charles Street Finance has appointed Amjad Ibn-Abdul as a business development manager in the Midlands and South West. A former adviser with mainstream banks including HSBC, Lloyds and RBS, Ibn-Abdul joins from London-based lender Lakeshield, where he was a business development manager. Previously, he worked at commercial brokerage Rainstone Money, providing clients with commercial term […]
Mortgage applications suffered another setback last week as rising interest rates dragged down demand for home loans, according to the Mortgage Bankers Association. For the week ending July 10, MBA’s Market Composite Index—a measure of total mortgage loan application volume—shed 2.7% on a seasonally adjusted basis from one week earlier. “Mortgage applications declined as the 30-year fixed […]
Carrington Mortgage Services and artificial intelligence fintech Kastle struck an agreement to deploy the latter’s AI agents for servicing operations, including in customer-facing roles at its contact centers. Processing Content The AI agents, which have the ability to handle collections and provide real-time responses to clients based on analysis of data and past interactions, will […]
22% of U.S. residents moving to a different state cited better weather as a factor in their move, the most commonly cited reason, per a new Redfin survey. Nearly as many people, 21%, are looking to move out of state due to concerns about climate change. Weather and climate concerns are more common reasons for […]
A Los Angeles-based matcha cafe chain has signed a retail deal for its first New York City location in Manhattan’s East Village. Archives of Us has leased 2,400 square feet at Highpoint Property Group’s 84 Second Avenue, where it will act as a cafe and retail presence for the matcha brand, according to landlord broker […]
PPR Capital Management just began investing in the build-to-rent housing sector last year, and now it is looking to pounce on a market it sees as benefiting from the new federal housing law. The Wayne, Pennsylvania-based firm this week is launching the PPR Keystone Housing Growth Fund, its first-ever fund focused on build-to-rent housing. PPR executives […]
Gold’s retreat from recent record highs has done little to dampen long-term optimism among market participants, with speakers on the Precious Metals panel at the Rick Rule Symposium arguing that the current correction is a normal feature of a healthy bull market rather than the beginning of a sustained downturn. Panelists pointed to continued central […]
Central bank delivers expected call despite inflation concern Canada’s annual inflation rate ticked up to 3.2% in May, the first time in nearly two and a half years it surpassed the central bank’s 3% upper target, in a development that might normally have boosted the odds of a rate hike. But Bank decisionmakers have maintained […]
Anthropic launches AI services firm with Blackstone, H&F backing