Fox Business, May 16, 2024-Breck DumasMortgage rates declined for a second consecutive week but remain above 7% as a home affordability crisis maintains its grip on the housing market.Click here …
Category: Top National News
The State of Rent in the U.S.
The Indicator from Planet Money – NPR, May 15, 2024–Sylvie DouglisShelter costs grew 5.5% over the last year. That’s a slight cooling off from previous months, and it’s a part …
Fed’s Powell Says High Interest Rates May ‘Take Longer Than Expected’ to Lower Inflation
USA Today, May 16, 2024–Paul Davidson Federal Reserve Chair Jerome Powell said Tuesday that “it may take longer than expected” for high interest rates to lower inflation. He also reiterated, …
Listen: The Daily–The Possible Collapse of the U.S. Home Insurance System
The New York Times, May 15, 2024-The DailyAcross the United States, more frequent extreme weather is starting to cause the home insurance market to buckle, even for those who have …
U.S. Mortgage Applications Climb on Lower Rates
MPA, May 15, 2024-Candyd MendozaMortgage application volumes ticked higher last week as mortgage rates continued to edge down, driven by an uptick in refinancing activity, according to data from the …
Most U.S. Homes Are Overvalued
Globe St., May 15, 2024-Philippa MaisterHome prices across the nation are overvalued, in many cases by more than 10%, according to a new report on RMBS by Fitch Ratings. Indeed, …
Inside the Rent Inflation Measure That Economics Nerds Love to Hate
New York Times, May 15, 2024-Jeanna SmialekThere’s a three-letter abbreviation that economists have started pronouncing with the energy of a four-letter word: “O.E.R.”Click here for more (subscription)
Housing Costs Still Push Inflation Higher but Rise at Slowest Annual Rate in Two Years
Yahoo! Finance, May 15, 2024-Dani RomeroHousing costs remained elevated in April, serving as the largest contributor to core inflation’s rise last month, but there remain signs that prices are starting …
NYCB Selling Flagstar’s Warehouse Loans to Chase
Inside Mortgage Finance, May 15, 2024–Paul MuoloFlagstar Bancorp, whose parent bank recently underwent a liquidity crisis, last night announced it agreed to sell roughly $5 billion in outstanding warehouse loans …
A 20% Home Down Payment Isn’t ‘the Law of the Land,’ Analyst Says. Here’s How Much People Are Paying
CNBC, May 14, 2024-Ana Teresa SoláConsumers are putting down more money to buy a home — but the typical down payment is still much less than you might expect.Click here …