Reuters, July 18, 2024-Makailah GauseThe average interest rate on the popular U.S. 30-year fixed-rate mortgage fell to its lowest level since mid-March this week, a welcome development for a housing …
Category: Top National News
Opinion: Biden’s Bad Rent-Control Idea Has No Upside
Washington Post, July 18, 2024–Megan McArdleCapping rents dampens an essential signal to developers to build more housing units.Click here for more
Will Basel III Endgame Rewrite Banks’ Role in CRE?
Commercial Property Executive, July 17, 2024–Patricia KirkIt’s clear that new rules for how banks build their balances are coming. But we don’t know when they will come or how substantial …
Final Automated Valuation Model Rule Published by 6 Regulators
National Mortgage News, July 17, 2024-Brad FinkelsteinA final rule governing the use of automated valuation models in mortgage lending has now been published by a group of six federal regulators, …
Foreign Buyers of U.S. Homes Pay Record Prices, but Sales Dwindle
The Wall Street Journal, July 17, 2024-Neil MehtaHigh prices and limited supply are dulling foreign appetite for U.S. homes. International buyers still in the market are now paying more than …
Refinances Propel Rebound in Mortgage Application Volumes
National Mortgage News, July 17, 2024-Spencer LeeRefinances saw their highest level of interest since 2022, leading to the first increase in home lending volume in three weeks, according to the …
HUD Proposes Permanent Program for Sale of Seriously Delinquent Mortgages
HousingWire, July 17, 2024-Flávia Furlan NunesThe U.S. Department of Housing and Urban Development (HUD) on Wednesday proposed a new rule that would implement a permanent program to sell seriously delinquent …
Homeowners Couldn’t Build Pools Fast Enough During Covid. The Tide Might be Turning.
The Wall Street Journal, July 17, 2024-Madeline BilisIn the years after Alan and Peggy Carr became empty-nesters, they decided to leave Silicon Valley for the northern suburbs of Sacramento. Alan, …
Biden’s Rent Control Plan Will Make the Housing Crisis Worse
Bloomberg, July 17, 2024–Allison SchragerBiden’s plan to cap the increases large landlords can charge will only discourage more investment.Click here for more (subscription)
What Major Finance Groups Say About the Federal Home Loan Banks
National Mortgage News, July 17, 2024–Brad FinkelsteinThe role of the Federal Home Loan Banks is clear and defined by Congress, the organization that represents the 11 institutions said in its …