AcquisitionIn The News

Lower Acquires Movoto, A Top 5 U.S. Real Estate Portal, To Accelerate National Growth And Build An End-To-End Homeownership Platform

Lower, a digital mortgage lender, announced the acquisition of proptech and flagship real estate portal, Movoto.  This acquisition combines Movoto’s significant reach with Lower’s lending platform and retail network, creating an end-to-end homeownership platform while offering a growth engine for real estate agents and loan officers.

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Home PurchasesIn The News

First-Time Homebuyers Comprise Record Share Of Agency Purchase Lending In Q1

Intercontinental Exchange, Inc. (NYSE: ICE), a provider of technology and data, released its May 2025 Mortgage Monitor Report, which delves into the rising share of first-time and Gen Z homebuyer participation in the mortgage market. Notably, first-time homebuyers (FTHBs) accounted for a record share of agency purchase lending in Q1 2025 as higher interest rates continued to dampen repeat buyer participation in the market.

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