- MORTGAGE RATES FALL: The 30-year fixed-rate mortgage averaged 6.13%as of January 26, 2023, down from last week when it averaged 6.15 percent. A year ago at this time, the 30-year FRM averaged 3.55 percent…(Freddie Mac)
- MOHAMED A. EL-ERIAN: “my broader analysis of economic and financial conditions would favor the Fed raising rates by 50 points, also on account of risk management, credibility and the persistent misalignment between market pricing and the central bank’s forward policy guidance for 2023.” (Bloomberg)
- BATTLE ROYAL: CoStar is in talks to purchase Move Inc. from News Corp. If CoStar succeeds, the deal would put CoStar into head-to-head competition with Zillow for leadership in the online marketplace where most Americans look to buy and sell homes…(Wall Street Journal)