Globe St., June 28, 2024-Erik ShermanThe volume of CMBS loans, against office properties, that will mature by the end of next year is $75.74 billion, according to Trepp.Click here for …
Category: Top National News
New York’s Mortgages Are Cheaper Than Most
Newsweek, June 28, 2024-Omar MohammedMortgages in New York are some of the more affordable in the country in relation to the income of state residents, data from the Mortgage Bankers …
America’s Frozen Housing Market Is Warping the Economy
Wall Street Journal, June 28, 2024–Carol RyanCheap mortgages are forcing millions of U.S. homeowners to stay put. That is becoming a problem well beyond the property market.Click here for more …
Homeowners Can Get Cash-out Second Mortgages to Fund Small Rental Properties
Orange County Register, June 28, 2024–Jeff LazersonHomeowners can pull cash out on a second mortgage for a rental — up to 80% combined loan-to-value. But buyer beware, the interest rate …
You Might Be Buying Your House at the Top of the Market
The Wall Street Journal, June 27, 2024-Greg IpHouses are really expensive, and getting more so. Prices jumped 1.2% in April from March, and are now up about 50% from the …
Mortgage Application Costs Dipped in May
MPA, June 27, 2024-Candyd MendozaHomebuyer affordability conditions improved in May as slightly lower mortgage rates and an uptick in housing inventory eased borrowing costs, according to the latest Mortgage Bankers …
Average Rate on a 30-Year Mortgage Eased This Week to 6.86%, Lowest Level Since Early April
Associated Press, June 27, 2024-Alex VeigaThe average rate on a 30-year mortgage eased again this week, extending a welcome trend for prospective homebuyers facing record-high home prices.Click here for more
Selling a Home Is Expensive, Too: Homeowners Typically Spend Nearly $55,000, Report Finds
CNBC, June 27, 2024-Ana Teresa SoláBuying a home and maintaining it is expensive, but selling it is costly, too, according to a new report.Click here for more
Landlords Are on Edge Over the Housing Market’s Insurance Shock—a Whopping 80% Say They’re Anxious, Survey Reveals
Fortune, June 2, 2024-Alena BotrosThe housing world doesn’t need another problem, but it has one: insurance. Click here for more (subscription)
Big U.S. Banks Withstand Fed’s Commercial Real Estate Shock Scenario
Reuters, June 26, 2024–Michelle ConlinBig U.S. banks survived a hypothetical 40% drop in commercial real estate values as a part of the U.S. Federal Reserve’s annual health test, easing fears …