Home Equity Lending News, Nov. 1, 2024–Sam GarciaA report from an organization that advocates for low-income consumers claims that equity-sharing contracts should be considered as loans and be subject to …
Category: Top National News
The Wealthy Are Overpricing Their Homes. Auctions Show Just How Much.
The Wall Street Journal, Oct. 30, 2024-Katherin Clarke and E.B. SolomontRandy and Robin Landsman had been trying to sell their Manhattan penthouse for over a year when they turned to …
Who Paid More in Rent: Gen Z or Millennials?
The New York Times, Oct. 31, 2024-Matt YanEarlier this year, we reported that Generation Z has emerged as the generation driving the most rental demand, supplanting millennials, who are slowly …
A ‘Haunted’ House Can’t Spook Hungry Buyers
National Mortgage Professional, Oct. 31, 2024-Erica DrzewieckiSingle-family? Check. Affordable monthly mortgage payment? Of course. Inhabited by beings not of this world? You bet.Click here for more
Average Rate on a 30-Year Mortgage in the U.S. Rises for Fifth Straight Week
The Associated Press, Oct. 31, 2024-Alex VeigaThe average rate on a 30-year mortgage in the U.S. rose for the fifth straight week, returning to its highest level since early August.Click …
The Passive House Trend is Booming
Washington Post, Oct. 30, 2024–Hannah SeoPassive houses are designed to be as energy efficient as possible, typically with top-notch insulation and a perfect seal that prevents outside air from penetrating …
Home Builders Usually Love Cheap Mortgages—Maybe Not This Time
The Wall Street Journal, Oct. 30, 2024-Carol RyanVery little feels normal in today’s housing market, including how home builders’ stocks have been on a tear during a period of sky-high …
Freddie Mac Earnings Rise on Better Rate Environment
National Mortgage News, Oct. 30, 2024-Brad FinkelsteinFreddie Mac had its strongest quarter of the year for both net income and in new business acquired as mortgage rates dipped.Click here for …
That Refi Mini Boom Appears All but Dead as Mortgage Rates Surge
HousingWire, Oct. 30, 2024-James KleimannA 60 basis point increase in mortgage rates in October has strangled mortgage demand, particularly for refinancings, according to the latest survey data from the Mortgage …
Insurance Crisis Hits Lenders’ Bottom Lines
National Mortgage News, Lew Sichelman, Oct. 30, 2024How bad is the insurance crisis? Bad and getting worse. And not just because storms are more frequent and more severe, according to …