CNN, Feb. 29, 2024–Anna BahneyMortgage rates climbed for the fourth week in a row, inching closer to 7% just as peak homebuying season gets underway. MBA mention.Click here for more
Category: Top National News
Trade Groups Have Differing Stances on Government’s Affordable Housing Plan
HousingWire, February 29, 2024–Chris ClowThe Mortgage Bankers Association opposes the HUD and White House policy, while the National Housing Conference supports it.Click here for more
Biden Administration to Boost Affordable Housing Programs, Supply of Manufactured Homes
The Hill, Feb. 29, 2024-Alex GangitanoThe Biden administration announced Thursday that it will take steps to bolster federal programs that produce affordable housing, boost the supply of manufactured homes and …
Why a White House Plan to Fund Office-to-Housing Conversions Isn’t Working
Bloomberg News, Feb. 29, 2024-Kriston CappsPittsburgh’s Gulf Tower is a 44-story Art Deco office building that once served as the headquarters of the Gulf Oil Company. Completed in 1932, the …
U.S. Mortgage Rates Rise for a Fourth-Straight Week, Freddie Mac Says
Reuters, Feb. 29, 2024-Amina NiasseU.S. mortgage rates rose for a fourth-straight week, Freddie Mac reported on Thursday, reaching a two-month high and again becoming a factor impeding traffic among rate-sensitive …
Housing Market’s Good News For Home Owners
Newsweek, Feb. 28, 2024-Omar MohammedA low supply of homes, which escalated competition among buyers, helped push total home values by trillions of dollars in America, a new analysis by real …
Homebuyer Affordability Dips As Monthly Mortgage Payments Rise
National Mortgage Professional, Feb. 29, 2024-Christine StuartIn January, homebuyer affordability across the United States took a hit as the median monthly mortgage payment increased, according to the latest report from …
The American Southwest Is Finally Starting to Embrace Vertical Living
Wall Street Journal, Feb. 28, 2024–Cecilie RohwedderNew building codes and zoning laws are paving the way for development in the desert, which has long been an oasis of single-family homesClick …
Rocket to Shut Down Origination Channel for Real Estate and Insurance Agents
HousingWire, February 28, 2024–James KleimannRocket Companies will soon shut down Rocket Pro Originate, a mortgage origination platform for real estate agents, insurance agents, tax professionals and other financial professionals who …
Congressional Leaders Reach a Deal to Avoid a Government Shutdown
NPR, Feb. 29, 2024Congressional leaders say they have reached a deal to extend the current funding deadlines to avoid a partial government shutdown at midnight on Friday. Congress will need …