Associated Press, June 20, 2024-Alex VeigaHome loan borrowing costs eased again this week as the average rate on a 30-year mortgage declined to its lowest level since early April.Click here …
Category: Top National News
Housing Starts Dropped 19.3% in May as Builder Confidence Continues to Slide
HousingWire, June 20, 2024-Brooklee HanWith the Federal Reserve making no clear commitment to when an interest rate cut may come, homebuilders are scaling back.Click here for more (subscription)
GSE MBS Issuance Increases in May, Led by Freddie
Inside Mortgage Finance, June 20, 2024–Namrata BhatiaFreddie saw the bigger monthly increase in MBS output, up 9.4% from April. Business was up 6.3% at Fannie.Click here for more (subscription)
Some Homebuyers are Beating High Interest Rates With 1980s-era Assumable Mortgages
Star Tribune (Minneapolis), June 20, 2024–Jim Buchta“It was like winning the lottery,” said a Twin Cities buyer who assumed a 2.25% mortgage rate that saves her $700 a monthClick here …
This Group Wants to Build a New City With Backing From Tech Billionaires. It Faces a Hard Sell.
California Forever says fall will be critical for its advertising and public-relations campaign to sell its ballot measure to votersWall Street Journal, June 20, 2024–Patrick CoffeeClick here for more (subscription)
Rent Hikes Loom, Posing Threat to Inflation Fight
The Wall Street Journal, June 18, 2024-Will ParkerApartment dwellers got a break recently when rent growth slowed and fell in parts of the country following years of steep increases. That …
18 Million Americans Are House Poor, New Study Shows
CBS News, June 18, 2024-Kristopher J. BrooksMore than 18 million Americans are living in homes that stretch their budgets far beyond what’s considered financially healthy. Click here for more
Gen Z and Millennial Investors Are Embracing Crypto, Real Estate and Private Equity Along With Stocks
Fast Company, June 18, 2024-Sam BeckerMany younger investors have, perhaps understandably, had their faith in the stock market shaken up in recent years. And that’s why many have turned to …
Yes in God’s Backyard? This Housing Solution May Be the Answer to Your Prayers.
Vox, June 18, 2024-Rachel M. Cohen About five years ago, Harvey Vaughn, the senior pastor at Bethel AME, the oldest Black church in San Diego, heard a radio report about …
Fed’s Harker: One Interest Rate Cut This Year My Base Case
Reuters, June 17, 2024–Lindsay DunsmuirThe U.S. Federal Reserve would be able to cut its benchmark interest rate once this year, Philadelphia Fed President Patrick Harker said on Monday, if his …