Origination

The transaction formalizes the relationship started by a January investment in both companies by LLR Partners.

High mortgage rates and high prices are starting to slow down the market. Still, tight inventory is keeping values high.

Mortgages rates are at the highest since 2008, making borrowing more expensive, but could moderate demand and eventually ease price pressure.

The median prices for the most sought-after metro areas were on average $128,000 lower than in the city the buyer was leaving, Freddie Mac's study of Loan Product Advisor data found.

In the states with the largest share of LGBTQ+ couples, homes cost $116,000 more on average than the states with the lowest share, according to a LendingTree report.

Also: UWM offers deep discounts, no fix in Congress for flood insurance program, home flipping profits decline

UpEquity reportedly saw its growth projections decimated by the cooling refinance market and terminated positions in anticipation of a tepid fundraising environment.

For the 10th consecutive week, the brokerage’s Demand Index declined, this time by the largest share in over two years.

The rise comes as some homebuyers are worried about even higher borrowing costs. Still, homebuilder sentiment sank further to a two-year low.

The company was an aggressive buyer of rentals during the pandemic, but it is reversing course as the housing market cools.