HousingWire, May 24, 2024-Chris ClowThe U.S. Department of Housing and Urban Development (HUD) on Friday announced the availability of $26 million in funding to be distributed to state and local …
Category: Top National News
LISTEN: MBA Chief Economist Mike Fratantoni on Housing Market Trends
HousingWire, May 22, 2024 (podcast)On today’s episode, Editor in Chief Sarah Wheeler talks with Mike Fratantoni, chief economist at the Mortgage Bankers Association, about market trends, including mortgage rates, home equity …
Amazon Is Reviving Its Logistics Expansion and Reshaping Its U.S. Distribution
The Wall Street Journal, May 22, 2024-Liz YoungAmazon.com’s postpandemic pullback in logistics expansion is over as the company turns competition for consumer spending into a battle over real estate.Click here …
The Average Retail Mortgage Lender Lost $645 Per Loan in Q1 2024 — but That’s Actually a Good Thing
HousingWire, May 23, 2024-James KleimannIndependent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a pretax net loss of $645 on each loan they originated in the first quarter …
U.S. 30-Year Fixed-Rate Mortgage Falls Below 7%
Reuters, May 23, 2024The average rate on the popular U.S. 30-year mortgage rate fell below 7% this week for the first time in more than a month, which could help …
Buying a Home Is Getting More Difficult — and It Isn’t Just Because of Price
NBC News, May 23, 2024-Jasmine CuiBlame it on the mortgage rates. Blame it on the scarce supply. There are more than enough reasons to blame for the dismal state of …
It’s a Great Time to be a Home Seller as Lack of Options Spark Bidding Wars
NPR, May 22, 2024–Scott HorsleySales of existing homes dipped in April. But prices are still sky high. A shortage of homes for sale means stiff competition and more than a …
‘Various’ Fed Officials Said They Were Willing to Hike Interest Rates if Needed, Minutes Show
MarketWatch, May 22, 2024–Greg RobbFederal Reserve officials indicated a willingness to raise interest rates again if inflation didn’t cool off further, according to minutes of the April May meeting released …
Weekly Mortgage Refinance Demand Revives as Interest Rates Fall to 7-Week Low
CNBC, May 22, 2024–Diana OlickApplications for a mortgage to purchase a home fell 1% for the week and were 11% lower than the same week one year ago, the Mortgage …
Mortgage Interest Rate Forecast for Summer 2024: Everything Experts Predict
CBS MoneyWatch, May 22, 2024–Dori ZinnIf you’re keeping an eye on mortgage rates to try and buy a home, here’s where experts think they could head this summer.Click here for …