HousingWire, June 20, 2024-Flávia Furlan NunesOn Thursday, two U.S. regulators–the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corp. (FDIC)–announced their approval of a final …
Category: Top National News
Mortgage Rates Drop Again Amid Hopes for Fed Rate Cut
MPA, June 21, 2024-Candyd MendozaMortgage rates are continuing to ease, falling for the third consecutive week to their lowest level in three months, according to Freddie Mac’s latest Primary Mortgage …
Are Housing Permits Showing Recession Risk?
HousingWire, June 20, 2024–Logan MohtashamiOn a recent HousingWire Daily podcast, I explored the question of whether construction labor was finally showing a recession risk. Today’s housing starts data has further …
Mortgage Rates Fall to Their Lowest Level in Almost Three Months
CNN, June 20, 2024–Bryan MenaMortgage rates fell this week to their lowest level since early April, taking some pressure off America’s unaffordable housing market.Click here for more
Fannie Mae, Freddie LTV Gap in Nonperforming Loans Shrinks
National Mortgage News, June 20, 2024–Bonnie SinnockA disparity in the average equity levels of each of two government-sponsored enterprises’ nonperforming loan sales decreased last year, according to the latest numbers …
U.S. Labor Market, Housing Data Point to Slowing Economy
Reuters, June 20, 2024-Lucia Mutikani and Lindsay DunsmuirFirst-time applications for U.S. unemployment benefits fell moderately last week, while new housing construction dropped to the lowest level in nearly four years …
Worries Pile Up for the U.S. Housing Market
The Wall Street Journal, June 20, 2024-Hardika SinghFresh data on the U.S. housing sector show activity still constrained by higher interest rates.Click here for more (subscription)
Average Long-Term U.S. Mortgage Rate Falls Again, Easing to Lowest Level Since Early April
Associated Press, June 20, 2024-Alex VeigaHome loan borrowing costs eased again this week as the average rate on a 30-year mortgage declined to its lowest level since early April.Click here …
Housing Starts Dropped 19.3% in May as Builder Confidence Continues to Slide
HousingWire, June 20, 2024-Brooklee HanWith the Federal Reserve making no clear commitment to when an interest rate cut may come, homebuilders are scaling back.Click here for more (subscription)
GSE MBS Issuance Increases in May, Led by Freddie
Inside Mortgage Finance, June 20, 2024–Namrata BhatiaFreddie saw the bigger monthly increase in MBS output, up 9.4% from April. Business was up 6.3% at Fannie.Click here for more (subscription)