Associated Press, May 13, 2024-Christopher RugaberThe sharp interest rate hikes of the past two years will likely take longer than previously expected to bring down inflation, several Federal Reserve officials …
Category: Top National News
Foreclosures Leave Long-Term Scars on Homeownership Rates
MPA, May 13, 2024-Candyd MendozaA new study by the Federal Reserve Bank of New York reveals the lasting financial consequences of foreclosure for millions of Americans.Click here for more
With ‘Bleisure’ and Fewer Workers, the American Hotel is in Recovery
NPR, May 13, 2024–Alina SelyukhTechnology has long been transforming hotels, and the pandemic accelerated that change.Click here for more
Stubbornly High Rents Prevent Fed From Finishing Inflation Fight
Wall Street Journal, May 11, 2024–Nick TimiraosFor more than a year, the central bank has expected slowing rent increases to show up in official housing measuresClick here for more (subscription)
How to Calibrate Mortgage Employee Comp for Uncertain Times
National Mortgage News, May 13, 2024–Brad FinkelsteinCrafting a compensation package that allows mortgage companies to recruit or retain the employees they desire has to strike a balance between offering a …
How Rich Homebuyers are Avoiding High Mortgage Rates
Yahoo Finance, May 13, 2024–Janna HerronThe all-cash deal is back in vogue for homebuyers, a shift that favors the wealthy. Luxury housing markets in New York and Florida are boasting …
Video–Homeless or Overhoused: Boomers Are Stuck at Both Ends of the Housing Spectrum
The Wall Street Journal, May 9, 2024Older baby boomers aren’t moving out of their homes, while younger boomers reaching retirement now are increasingly facing homelessness. We break down this trend …
Commercial, Multifamily Originations Stall as Owners Hold Off on Major Moves
MPA, May 10, 2024-Candyd MendozaCommercial and multifamily mortgage loan originations fell in the first quarter as the market stagnated, according to the Mortgage Bankers Association (MBA).Click here for more
Housing Market Could Get 4 Million New Potential Buyers This Year
Newsweek, May 10, 2024-Suzanne BlakeThe U.S. housing market could gain 4 million new buyers this year if mortgage rates fall one percentage point, data from the National Association of Home …
Average Mortgage Rates Fall After Weeks of Increases
MPA, May 10, 2024-Candyd MendozaMortgage rates fell this week after a five-week streak of increases, driven by a weaker-than-expected jobs report that eased inflation concerns, according to Freddie Mac’s latest …