Newsweek, Aug. 29, 2024-Suzanne BlakeWhile mortgage rates dropped below 6 percent this month, prospective homebuyers are still not eager to bite in many markets. But even as the nation’s housing …
Category: Top National News
30-Year Mortgage Rate Falls Again, Now at 6.35%
The New York Times, Aug. 29, 2024-Danielle KayeMortgage rates fell again this week, providing some relief to home buyers and attracting more sellers from the sidelines.Click here for more (subscription)
U.S. Homes Aren’t Just More Expensive. They’re Also Getting Smaller
Fortune, Aug. 28, 2024-Alena BotrosMaybe you’ve heard of shrinkflation or lived it while opening a bag of chips. Well, it’s coming for your house, as Fortune has previously reported. Click …
Arizona Deal Latest Sign of Booming Demand for Sites to Power AI
The Wall Street Journal, Aug. 28, 2024-Peter Grant The rise in artificial intelligence is fueling a new breed of speculator: those focused on buying and selling land for power-hungry data …
Redfin: Share of Homeowners With Sub-6% Rates is Shrinking
MPA, Aug. 28, 2024-Candyd MendozaThe share of homeowners with interest rates below 6% has been gradually decreasing as more people find themselves needing to move, even if it means giving …
U.S. Mortgage Rates Drop Again to Lowest Level Since April 2023
Bloomberg News, Aug. 28, 2024-Molly SmithU.S. mortgage rates fell again last week to the lowest level since April 2023, spurring a modest pickup in applications to buy a home.Click here …
Purchase Applications Slow To Follow Lower Rates
National Mortgage Professional, Aug. 28, 2024-Erica DrzewieckiMortgage applications increased 0.5% the week ending August 23 from one week earlier, the Mortgage Bankers Association (MBA) reported Wednesday. The Market Composite Index, …
How Low Do Mortgage Rates Need to Go Before Borrowers Appear?
HousingWire, Aug. 27, 2024–Neil PiersonMarket observers are watching the economic data to gauge how large the pending rate cut from the Fed might beClick here for more
FHA Updates Portal to Accommodate Expansion of 203(k) Loan Program
HousingWire, Aug. 27, 2024-Chris ClowThe Federal Housing Administration (FHA) announced late last week that the previously detailed updates and expansions to its 203(k) Rehabilitation Mortgage Insurance Program will be incorporated …
Homeowners With Low Mortgage Rates Are Seeing the ‘Lock-in Effect’ Fade. Here’s What That Means
Quartz, Aug. 27, 2024-Rocio FabbroHomeowners are beginning to give up on waiting for lower mortgage rates. That could be good news for potential homebuyers.Click here for more