Orange County Register, June 28, 2024–Jeff LazersonHomeowners can pull cash out on a second mortgage for a rental — up to 80% combined loan-to-value. But buyer beware, the interest rate …
Category: Top National News
You Might Be Buying Your House at the Top of the Market
The Wall Street Journal, June 27, 2024-Greg IpHouses are really expensive, and getting more so. Prices jumped 1.2% in April from March, and are now up about 50% from the …
Mortgage Application Costs Dipped in May
MPA, June 27, 2024-Candyd MendozaHomebuyer affordability conditions improved in May as slightly lower mortgage rates and an uptick in housing inventory eased borrowing costs, according to the latest Mortgage Bankers …
Average Rate on a 30-Year Mortgage Eased This Week to 6.86%, Lowest Level Since Early April
Associated Press, June 27, 2024-Alex VeigaThe average rate on a 30-year mortgage eased again this week, extending a welcome trend for prospective homebuyers facing record-high home prices.Click here for more
Selling a Home Is Expensive, Too: Homeowners Typically Spend Nearly $55,000, Report Finds
CNBC, June 27, 2024-Ana Teresa SoláBuying a home and maintaining it is expensive, but selling it is costly, too, according to a new report.Click here for more
Landlords Are on Edge Over the Housing Market’s Insurance Shock—a Whopping 80% Say They’re Anxious, Survey Reveals
Fortune, June 2, 2024-Alena BotrosThe housing world doesn’t need another problem, but it has one: insurance. Click here for more (subscription)
Big U.S. Banks Withstand Fed’s Commercial Real Estate Shock Scenario
Reuters, June 26, 2024–Michelle ConlinBig U.S. banks survived a hypothetical 40% drop in commercial real estate values as a part of the U.S. Federal Reserve’s annual health test, easing fears …
Mortgage Rate Drop Attracts Buyers
Newsweek, June 26, 2024-Omar MohammedMortgage applications ticked up for the week ending June 21 amid a deceleration in the cost of home loans, the Mortgage Bankers Association (MBA) said on …
Only One Large U.S. Housing Market Qualifies as Affordable
National Mortgage News, June 26, 2024-Brad FinkelsteinThe buying power of those looking to purchase their first home declined year-over-year for the three-month period ended March 31 by five percentage points, …
Closing of Rural Hospitals Leaves Towns With Unhealthy Real Estate
KFF Health News, June 26, 2024-Taylor SiskJELLICO, Tenn. — In March 2021, this town of about 2,000 residents in the hills of east Tennessee lost its hospital, a 54-bed acute …