Yahoo Finance, May 10, 2024–Rebecca ChenRecent rate volatility — including this week’s drop from 7.22% and last month’s steady rise — has prompted some financial institutions to modify their mortgage …
Category: Top National News

U.S. Home Prices Defy Gravity, Soaring in 205 Metro Areas
MPA, May 9, 2024-Candyd MendozaHome prices rose in more than 90% of metropolitan areas across the United States in the first quarter of 2024, driven by a critical lack of …

U.S. 30-Year Fixed-Rate Mortgage Falls to 7.09%, Still Too High to Boost Housing
Reuters, May 9, 2024U.S. mortgage rates fell this week for the first time in more than a month amid signs of slowing economic activity, but remain too high to provide …

A Way to Beat High Mortgage Rates? Take Over Someone Else’s Loan.
The New York Times, May 9, 2024-Tara Siegel BernardHome prices were already high when Ellen Harper, a software architect living in Atlanta, started searching for a house in 2021. But …

Is This 661-Square-Foot Home the Future of Housing?
Fast Company, May 9, 2024-Lance LambertBack in March, Stuart Miller, the co-CEO of Lennar, a large publicly traded homebuilder, had a message for investors during the company’s Q1 earnings call. …

Pricing Is Major Factor in GSE CES; HELOC Speculation
Home Equity Lending News, May 8, 2024A key factor in the success of a proposed closed-end second mortgage product at Freddie Mac is pricing, according to a new report. Among …

Single Mom Homeownership Rate Lags Single Dads
National Mortgage News, May 8, 2024-Brad Finkelstein While single women are outpacing their male counterparts in obtaining homeownership, parenthood shifts the balance to the other side, and the financial differences …

Mortgage Application Volumes Rise for First Time in Three Weeks
National Mortgage News, May 8, 2024-Spencer LeeApplications for new home loans increased for the first time in three weeks, with interest rates showing volatility to the down side, according to …

Mortgage Credit Availability Stabilizes – MBA
MPA, May 8, 2024-Candyd MendozaMortgage credit availability remained relatively unchanged in April as lenders continued to downsize their mortgage programs.Click here for more

Alanna McCargo to Head San Francisco Home Loan Bank
National Mortgage News, May 8, 2024–Bonnie SinnockAfter leaving her role as President of government agency Ginnie Mae last week, Alanna McCargo will be using her housing experience at a nearly …