New Jersey Governor Signs Blockchain Development Bill
New Jersey Governor Phil Murphy signed a law S2297, according to which the state will create a target group to study potential scenarios for using blockchain technology at the state level. According to this bill, they plan to use distributed registry technology for storing medical records, conducting banking operations, carrying real estate auctions, etc.
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The doomsday warnings about the US housing market are getting it backward
Contrary to the opinion of some doomsayers, lower interest rates are providing a lift to the housing market, particularly for home sales. Mortgage interest rates jumped sharply in 2018. The contract rate on 30-year mortgages jumped almost a full percentage point and was climbing nearly all year. But over the past 12 months, the average mortgage rate has been falling, dropping from 4.54% to 3.77%.
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Weekly mortgage refinances spike 37% in one week as rates fall further
Mortgage application volume jumped 21.7% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index.
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Recession signal could put more pressure on the Fed to keep cutting rates
A red-flashing recession indicator in the bond market only adds to the pressure the Federal Reserve will face when it meets next month to deliver what markets anticipate will be another rate cut.
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Negative Mortgages Set Another Milestone in a No-Rate World
The world's headlong dash to zero or negative interest rates just passed another milestone: A bank in Denmark is paying homebuyers to take out mortgages.
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Snapdocs solves the fragmentation challenge of digital closings at scale
"This industry has been promised a digital closing for 20 years, and the truth is that we've had the necessary technology for at least that long. The reason it hasn't been adopted is because getting to digital closings at scale is no longer a technology challenge. It's a fragmentation challenge."
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Redfin's Plan to Disrupt Real Estate
Tech-enabled companies such as Redfin and Zillow are using their internet platforms to change the way people shop for homes.
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