NPR, May 22, 2024–Scott HorsleySales of existing homes dipped in April. But prices are still sky high. A shortage of homes for sale means stiff competition and more than a …
Category: Top National News
‘Various’ Fed Officials Said They Were Willing to Hike Interest Rates if Needed, Minutes Show
MarketWatch, May 22, 2024–Greg RobbFederal Reserve officials indicated a willingness to raise interest rates again if inflation didn’t cool off further, according to minutes of the April May meeting released …
Weekly Mortgage Refinance Demand Revives as Interest Rates Fall to 7-Week Low
CNBC, May 22, 2024–Diana OlickApplications for a mortgage to purchase a home fell 1% for the week and were 11% lower than the same week one year ago, the Mortgage …
Mortgage Interest Rate Forecast for Summer 2024: Everything Experts Predict
CBS MoneyWatch, May 22, 2024–Dori ZinnIf you’re keeping an eye on mortgage rates to try and buy a home, here’s where experts think they could head this summer.Click here for …
First-Time Homebuyers Got Squeezed Last Month as Prices Hit Record April High
CNN, May 22, 2024–Bryan MenaRising U.S. home prices are heightening the housing affordability crisis for Americans, especially first-time buyers.Click here for more
Opinion: Deleting Five Words Could Help Millions of Americans Buy a Home
Washington Post, May 21, 2024–Drew GoinsHere’s a wonky bit of housing policy: A huge swath of the American public is held back from homeownership by five words — “built on …
Optimal Blue CEO Scott Smith on Competition in the Secondary Market
HousingWire podcast, May 21, 2024–Sarah WheelerHousingWire Editor in Chief Sarah Wheeler talks with Scott Smith, interim CEO at Optimal Blue, to talk about what he’s seeing at the MBA Secondary …
Are Second Mortgages About to Make a Comeback? Freddie Mac Has a New Proposal
MoneyWise, May 22, 2024–Chris ClarkIn a landscape of fluctuating interest rates and economic uncertainty, homeowners are often on the hunt for financial flexibility. Their options include a second mortgage, which …
FHA Greenlights Higher Fee for Assumptions
National Mortgage News, May 20, 2024–Bonnie SinnockThe Federal Housing Administration on Monday markedly increased what lenders can charge when a new borrower assumes a loan.Click here for more (subscription)
Real-Estate Downsizing Finally Comes for Your Pharmacy
The Wall Street Journal, May 21, 2024-Kate KingNational drugstore chains, once resistant to the retail apocalypse that swept across the U.S., are finally succumbing to competition from online shopping and …