Yahoo Finance, January 16, 2025-Alexandra CanalStocks rallied Wednesday after December’s CPI print finally showed some relief in core inflation and investors calibrated Fed rate cut bets.Click here for more
Category: Top National News
Mortgage Rates Climb Above 7% to Highest Level Since May
CNN, January 16, 2025-Bryan MenaMortgage rates topped 7% this week, a key psychological threshold, in a sign of the US housing market’s unrelenting affordability challenges.Click here for more
Sen. Tim Scott Criticizes FHFA Actions, Eyes Housing Reform
National Mortgage News, Jan. 16, 2025-Bonnie SinnockHousing finance ranks highly in 119th Congress goals set by Senate Banking Committee Chair Sen. Tim Scott, R.-S.C., who unveiled a comprehensive reform agenda …
Wall Street Thinks U.S. Homes Are Overpriced
Wall Street Journal, Jan. 16, 2025-Carol RyanHousing could be overvalued by anywhere from 10% to 35% based on how investors are acting.Click here for more (subscription)
Giant Commercial-Property Firm Goes All In on Co-Working With New Deal
Wall Street Journal, Jan. 14, 2025-Peter GrantCBRE Group is taking control of the co-working firm Industrious, a sign of the property market’s renewed interest in shared workspace as more employees …
New Inflation Reading Likely Keeps the Fed on Pause for Now
Yahoo Finance, January 15, 2025-Jennifer SchonbergerFresh inflation data released Wednesday is likely to keep the Federal Reserve on pause during its next policy meeting this month, even though a new …
FCC Warns of 50-State Scam by Fraudsters Posing as Mortgage Lenders
CBS News, Jan. 15, 2025-Kate GibsonHomeowners across the U.S. are being targeted in a sophisticated scam in which callers pose as mortgage lenders to defraud people out of hundreds of …
Los Angeles Wildfires: US Banks Ready Mortgage Relief for Affected Homeowners
Reuters, Jan. 13, 2025-Niket Nishant, Pritam Biswas, Saeed AzharJPMorgan Chase and Bank of America are easing mortgage repayment conditions for customers affected by the Los Angeles wildfires, as residents grapple …
LA Fires Update: Do Evacuees Still Have To Pay Mortgage and Utility Bills?
Newsweek, Jan. 15, 2025-Giulia CarbonaroThe wildfires which have burned through Los Angeles County for more than a week now have damaged or destroyed thousands of homes, wiping out entire neighborhoods …
Home Equity Finance Impacts Economy
Home Equity Lending News, Jan. 14, 2025Cash proceeds extracted from home equity find their way into the U.S. economy, stimulating activity and contributing to growth. But when real estate values …