The Federal Reserve’s Federal Open Markets Committee cut the federal funds rate target by 25 basis points Oct. 29.

Just under three in 10 U.S. homebuyers paid in all cash in August, down insignificantly from 29% a year earlier, according to Redfin, Seattle.

Pending home sales showed no change from the prior month in September and fell 0.9% year over year, the National Association of Realtors reported Wednesday.

In April, MBA published its Leveraging Rental Payment History to Approve More First-Time Homebuyers white paper, which focuses on increasing lender adoption of rental payment history. As the next step in its efforts, MBA is encouraging members to join a timely discussion about the benefits of incorporating rental payment history into the underwriting process via a series of upcoming webinars.