The Wall Street Journal, Sept. 12, 2024-Gina HeebMortgage rates fell to the lowest level since early 2023. The average rate on the standard 30-year fixed mortgage fell to 6.20% from …
Category: Top National News
U.S. Household Wealth Rises in Q2 to Record $163.8 Trln
Reuters, Sept. 12, 2024U.S. household wealth rose last quarter to $163.8 trillion, a fresh record, driven by gains in real estate values as well as a rise in the stock …
Rent, Utilities Rose Faster Than Home Values for First Time in a Decade
The Washington Post, Sept. 12, 2024-Rachel SiegelThe cost of rent and utilities in 2023 rose faster than home values for the first time in a decade, the latest sign that …
Mortgage Bankers Back Basel III Endgame Re-proposal
National Mortgage News, Sept. 10, 2024-Bonnie SinnockThe housing finance industry is breathing a little easier following Federal Reserve Vice Chair Michael Barr’s plans to ease up on some proposed bank …
Housing Is the Main Inflation Problem
Axios, Sept. 11, 2024-Courtenay BrownThe war on inflation is mostly won — with one big exception. Without hot housing prices, the Consumer Price Index would look even better.Click here for …
MBA Pushes for Changes to Mortgage Servicing Rules as Credit Access Expands
MPA, Sept. 11, 2024-Candyd MendozaThe Mortgage Bankers Association (MBA) is advocating for key changes to mortgage servicing rules under Regulation X, urging the Consumer Financial Protection Bureau (CFPB) to simplify …
‘Stubborn Supply Gap’ Driving Home Prices: Mortgage Bankers CEO
Yahoo! Finance, Sept. 11, 2024-Brad SmithThe US Bureau of Labor Statistics released the Consumer Price Index (CPI) report for August, which highlighted the persistent nature of shelter cost inflation, which …
Mortgage Rates Hit Lowest Level Since February 2023
CNBC, Sept. 11 2024–Diana OlickThe average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 6.29% from 6.43%, the Mortgage Bankers Association reported. …
Sunbelt Manufacturing Boom Lures Property Investors
The Wall Street Journal, Sept. 10, 2024-Will ParkerThe U.S. is experiencing a manufacturing revival. More property investors are eager to capitalize on it.Click here for more (subscription)
Podcast: How Do Americans Feel About Their Finances? It’s Complicated
The Wall Street Journal, Sept. 10, 2024-WSJ’s Your Money Briefing The effects of the pandemic on the U.S. economy has left many consumers with feelings of both optimism and angst …