The Wall Street Journal, Aug. 15, 2024-Gina HeebMortgage rates are at the lowest level in more than a year. For millions of Americans, it will take a lot more than …
Category: Top National News
Why Falling Mortgage Rates Aren’t a Quick Fix for Frustrated Homebuyers
Wall Street Journal, Aug. 15, 2024–Gina HeebRecord home prices and renewed fears of a recession complicate hopes for housing market recovery.Click here for more (subscription)
Housing Costs Are the Final Obstacle to Inflation Falling Back to Earth
Business Insider, Aug. 14, 2024-Kelly CloonanWednesday’s consumer price index report showed inflation is decisively cooling in most areas of the economy, but one area remains particularly stubborn: housing.Click here for …
Housing Market Could Take Turn for Buyers in September
Newsweek, Aug. 14, 2024-Omar MohammedInflation decelerated in July on a yearly basis to its lowest level since early 2021, a development that could lead the U.S. central bank to slash …
Consumers Won’t Budge Until Mortgage Interest Rates Get This Low: Survey
National Mortgage News, Aug. 14, 2024-Brad FinkelsteinNearly two-thirds of consumers are “encouraged” that mortgage rates will be dropping soon and the market is moving closer to the level that will …
Listen: Why You Shouldn’t Expect a Rapid Drop in Mortgage Rates
The Wall Street Journal, Aug. 14, 2024-podcastA rough day in the stock market like what we saw last week could mean good news for home borrowers in the form of …
Mortgage Refinancing Surges 35% in One Week, as Interest Rates Hit Lowest Level in Over a Year
CNBC, Aug. 14, 2024-Diana OlickIt appears to have taken a few weeks for current homeowners to realize mortgage rates had dropped dramatically. And when they did, they acted.Click here for …
Mortgage Applications Hit 19-Month High
Axios, Aug. 14, 2024-Felix SalmonThe number of Americans applying for a mortgage hit its highest level since January 2023 last week, while the number of refinance applications surged to a …
UBS to Sell Credit Suisse’s U.S. Mortgage Servicing Business
Reuters, Aug. 14, 2024–Dave GrahamUBS on Tuesday agreed to sell Credit Suisse’s U.S. mortgage servicing business, UBS Chief Financial Officer Todd Tuckner said on Wednesday, without naming the buyer.Click here …
Why You Shouldn’t Expect a Rapid Drop in Mortgage Rates
Wall Street Journal’s “Your Money Matters” podcast, Aug. 14, 2024–Ariana AspuruA rough day in the stock market like what we saw last week could mean good news for home borrowers …