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The Market Composite Index, a measure of mortgage loan application volume, increased 2.3% on a seasonally adjusted basis during the week ending January 14, 2022, compared with the previous week. On an unadjusted basis, the Index increased 3%, according to the Mortgage Bankers Association (MBA).
The Refinance Index, on the other hand, decreased 3% from the previous week and was 49% lower than the same week one year ago.
Leading Real Estate Companies of the World® announced today that it has selected Pacaso for its Solutions Group program, a collection of preferred business resources for the global network of 550 real estate firms. Pacaso is a tech-forward real estate platform that helps people buy and co-own a luxury second home for a fraction of the cost, offering fully managed LLC co-ownership, ongoing property management and a smart scheduling system.
Berkshire Hathaway HomeServices PenFed Realty, one of the country’s fastest-growing brokerages, with 2,000 agents and $8 billion in annual sales, today announced a merger with Berkshire Hathaway HomeServices McNelis Group Properties of Solomons, Md.