CNN, May 30, 2024-Matt EganMany Americans would love to buy a home, but they don’t have tens of thousands of dollars to cover a down payment.Click here for more
Category: Top National News
Hurricane Ian Walloped Cape Coral, Fla. Two Years Later Housing Costs Have Spiked
NPR, May 31, 2024-Greg AllenCAPE CORAL, Fla. — The Atlantic Hurricane Season, which starts Saturday, is forecast to be an especially active year.Click mhere for more
Commercial Real Estate Insurance Costs to Double as Climate Change Intensifies
MPA, May 3, 2024-Candyd MendozaClimate change will continue to drive up insurance costs for commercial real estate owners and significantly impact the profitability of insurers, according to Deloitte’s “Financial Services …
U.S. Mortgage Delinquency Rates Remain Near Historic Lows: CoreLogic
HousingWire, May 30, 2024-Sarah MarxIn March 2024, the national delinquency rate for residential mortgages stood at 2.8% for the third month in a row, up slightly from March 2023, according …
Jumbo Lending Declines in First Quarter
Inside Mortgage Finance, May 31, 2024–Brandon IveyA number of banks reduced their jumbo originations in early 2024 and nonbanks aren’t fully picking up the slack.Click here for more (subscription)
Array of Mortgages Cover Hard-to-Qualify Properties, Borrowers
Orange County Register, May 30, 2024–Jeff LazersonSelf-employed homebuyers who have insufficient tax return income and are seeking a loan can choose from an array of exotic mortgage programs or so …
New Mortgage Loan Payment Average Surges
National Mortgage News, May 30, 2024-Spencer LeeHome buyer affordability worsened in April, in a month when consumers encountered the combined effects of surging interest rates and atypical price hikes.Click here …
Mortgage Rates Snap Three-Week Pullback, Pushing Average Rate on a 30-Year Home Loan Back Above 7%
The Associated Press, May 30, 2024-Alex VeigaThe average rate on a 30-year mortgage moved back above 7% this week, a setback for home shoppers at a time when the U.S. …
How Colorado Could Become a National Leader in Affordable Housing
Fast Company, May 30, 2024In recent years, Colorado has been a poster child for the U.S. housing crisis. Previously, a relatively affordable state, it has seen home prices increase nearly …
Florida Mortgages Are More Expensive Than Most
Newsweek, May 30, 2024-Omar MohammedMortgage payments in Florida are some of the highest in the nation in relation to how much people earn, according to the Mortgage Bankers Association (MBA), …