CNBC, July 11, 2024-Greg Iacurci and Ana Teresa SoláHousing inflation has remained stubbornly high even as inflation in the broad U.S. economy has cooled significantly from peak levels during the …
Category: Top National News
RegFi Podcast: Technological Innovation in the Mortgage Industry
Orrick, Herrington & Sutcliffe LLP RegFi podcast, July 10, 2024–Jerry Buckley and Caroline StapletonMortgage Bankers Association President and CEO Bob Broeksmit, CMB, joined RegFi co-hosts Jerry Buckley and Caroline Stapleton …
Mortgage Refinance Demand Drops Further, Despite Homeowners Sitting on $17 Trillion in Equity
CNBC, July 10, 2024–Diana OlickApplications to refinance a home dropped last week for the fourth straight week, down 2%, the Mortgage Bankers Association reported. Homeowners were sitting on a collective …
Will Mortgage Rates Fall After the July Fed Meeting? Here’s What Some Experts Expect
CBS News, July 10, 2024–Aly YaleThe latest inflation numbers show things are finally slowing down. If upcoming inflation reports continue trending downward, the Federal Reserve may be on its way …
Buyers and Sellers Should Brace Themselves for the 6% Mortgage Rate Reality
Fortune magazine, July 10, 2024–Alena BotrosIf you’re a baby boomer, you might not consider today’s mortgage rates to be high. After all, in the 1980s and 90s, they were much …
The U.S. Housing Slump Deepened This Spring. Where Does That Leave Home Shoppers and Sellers?
Associated Press, July 10, 2024–Alex VeigaEconomists are projecting mortgage rates will ease modestly by the end of this year. But a small decline in rates may not be enough to …
Hallelujah! HUD Finally Updates, Expands 203(k) Program
HousingWire, July 9, 2024–Chris ClowHUD on Tuesday announced that it has published updated policies for its 203(k) Rehabilitation Mortgage Insurance Program, in an effort to “modernize the program and enhance …
The Problem With the American 30-Year Mortgage
Marketplace.org (podcast), July 9, 2024–Kimberly Adams, Amy ScottThe 30-year fixed-rate mortgage is as American as apple pie. But it wasn’t always this way, and it’s putting the housing market in …
Turnaround For ‘Really Strange’ Housing Market Still a Year Off, Economists Say
Daily Breeze, July 8, 2024–Jeff CollinsSeven economists took turns sizing up this year’s enigmatic real estate market at the recent National Association of Real Estate Editors conference in Austin.Click here …
Fed’s Powell Says New Proposal for Basel III Endgame is “Essential”
American Banker, July 9, 2024–Kyle CampbellFederal Reserve Chair Jerome Powell favors issuing a new capital proposal in response to the broad concerns raised about the reform package put forth by …