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Proposed Compensation Changes Could Slash $30 Billion in Real Estate Agents’ Commissions

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Proposed Compensation Changes Could Slash $30 Billion in Real Estate Agents’ Commissions

Real estate agents’ commissions could be under pressure if new proposals to change their compensation become reality. Image source: iStock/Getty Images US Real Estate Agents’ High Commissions Could Be Slashed by $30 Billion Buying a home is expensive these days, but beyond the high prices and burdensome mortgage rates, costly commissions for real estate agents … Read more

U.S. Mortgage Rates Rise for Fourth Straight Week to Highest Level in Two Months, Impacting Housing Affordability

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U.S. Mortgage Rates Rise for Fourth Straight Week to Highest Level in Two Months, Impacting Housing Affordability

U.S. mortgage rates rose for the fourth straight week to their highest level in two months, dealing a major blow to housing affordability. The 30-year fixed-rate mortgage increased and averaged 6.94% as of Feb. 29, according to data released by Freddie Mac FMCC,+0,92%THURSDAY. This is an increase of 4 basis points from the previous week … Read more