US mortgage-trading boutique Braver Stern Securities on Wednesday said it is opening a Chicago-area office with the hire of an executive and four mortgage salesmen from Guggenheim Securities. Braver also hired a trader from Guggenheim in New York for an ongoing expansion, it said in a statement.
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Mark Fleming, First American’s chief economist, said housing market potential climbed to the highest level since January 2018.
The lowest mortgage rates have ever been was around Thanksgiving 2012 when the interest rate for a 30-year fixed-rate mortgage fell to 3.31% (according to Freddie Mac data), but rising panic over the coronavirus could drive rates to lows never seen before. HW+ Premium Content