A 4.99% mortgage? This company says they’ll offer it soon

A week after announcing a new in-house mortgage product, Opendoor has another move up its sleeve — 4.99 percent mortgages. The company's CEO said the offering has "obvious scale advantages."

California weighs new factory-built housing rules to ease construction, cost burden

Part of an apartment in a modular apartment complex is hoisted into place in Santa Monica, CA on Thursday, Feb. 20, 2025. The nonprofit Community Corporation of Santa Monica with Plant Prefab and Howard CDM, for Berkeley Station, is building Santa Monica’s first modular affordable housing building.

Trump Officially Nominates Kevin Warsh for Fed Chair as Iran War Complicates Path for Rate Cuts

President Donald Trump has officially nominated Kevin Warsh to replace Jerome Powell as chairman of the Federal Reserve, but the widening U.S.-Israeli war with Iran is casting uncertainty over the swift interest rate cuts the president desires. Trump sent his nomination to the Senate on Wednesday, f

AI politics reach housing finance as Fannie, Freddie drop Anthropic

The FHFA ordered Fannie Mae and Freddie Mac to sever ties with Anthropic, signaling how politics and regulation may shape AI adoption in housing finance.