MarketWatch, May 28, 2024–Aarthi SwaminathanThe numbers: Home prices in the 20 biggest U.S. metros hit another all-time high, as the housing market remains hampered by a low number of properties …
Category: Top National News
U.S. Home Prices Grow at Fast Pace Again in March
The Wall Street Journal, May 28, 2024-Ed FranklAnnual home-price growth in the U.S. held at a fast clip in March, likely helped by gradually easing mortgage rates as Federal Reserve …
Why a California Plan to Build More Homes Is Failing
The Wall Street Journal, May 27, 2024-Christine Mai-DucWhen California legislators voted in 2021 to eliminate zoning laws that require neighborhoods to have only single family homes, supporters celebrated it as …
How Surging Escrow Balances Are Changing Servicing
National Mortgage News, May 28, 2024-Bonnie SinnockA lot of low-coupon mortgage servicing in the current market has almost no prepayment risk, but it does have exposure to another rate-related concern …
Mortgage Rates Trend Down as the Labor Market Loosens
HousingWire, May 28, 2024-Sarah MarxMortgage rates kept sliding toward 7% as HousingWire’s Mortgage Rates Center showed the average 30-year fixed rate for conforming loans at 7.25% on Tuesday, below the …
Skyrocketing Rents and Home Prices May be Pivotal in the 2024 Election
Washington Post, May 28, 2024–Leigh Ann CaldwellHousing is largely a local issue, yet it’s presenting a challenging and complex problem in Nevada and other battleground states with implications for this …
Banks Slow Jumbo Lending in First Quarter
Inside Mortgage Finance, May 28, 2024–James DohnertThe jumbo market’s share of first-lien production narrowed to 11.1% in the first quarter from 12.4% in the fourth quarter.Click here for more (subscription)
Mortgages Stuck Around 7% Force Rapid Rethink of American Dream
Bloomberg, May 28, 2024–Paulina Cachero and Jennifer EpsteinRates have defied expectations to come down, upending major life plans in the process.Click here for more (subscription)
Bankruptcies Have Left More Stores Vacant, but the Space Doesn’t Sit Empty for Long
Wall Street Journal, May 28, 2024–Kate KingAvailable retail locations are near record lows, making it easy for landlords to replace departing tenantsClick here for more
Weekly Mortgage Rates Fall, But Existing Home Sales Sag
SFGate.com/NerdWallet, May 23, 2024-Holden Lewis,In what should be a reassuring display of good timing, mortgage rates fell for the third week in a row — right at the start of …