The Wall Street Journal, March 25, 2024-Shane ShifflettClemson University didn’t have enough dorms on campus for its students. Private developers—including the family of the school’s president—are stepping in.Click here for …
Category: Top National News
Mortgage Rates to Stay Elevated on Inflation Worries, Freddie Says
National Mortgage News, March 25, 2024-Brad FinkelsteinFreddie Mac’s latest economic forecast calls for mortgage rates to remain at 6.5% for the first half of the year as the Federal Reserve …
Maryland Mortgage Balances See Biggest Increase in U.S., Study Finds
WTOP News, March 25, 2024-Dana SukontarakThat 1.23% increase brings Maryland’s average mortgage balance to just over $283,000, according to the study from personal finance company WalletHub.Click here for more
Mortgage Rates to Stay Elevated on Inflation Worries, Freddie Says
National Mortgage News, March 25, 2024–Brad FinkelsteinFreddie Mac’s latest economic forecast calls for mortgage rates to remain at 6.5% for the first half of the year as the Federal Reserve …
Fed’s Barr Says Changes to Capital Rules Likely to Be Significant
Bloomberg.com, March 22, 2024–Craig TorresThe Federal Reserve’s top banking regulator said there will likely be significant changes to a controversial plan to force big lenders to hold more capital — …
California Home Insurance Exodus Pushes State’s Last-Resort Backup Plan Toward Insolvency
San Jose Mercury-News, March 23, 2024–John WoolfolkAs home insurers flee California, the state’s last-resort insurance plan is warning that it’s being pushed toward insolvency, forced to cover a rapidly growing …
Biden Signs a $1.2 Trillion Funding Package, Averting a Partial Government Shutdown
NPR, March 24, 2024–Barbara Sprunt, Deirdre WalshPresident Biden signed a $1.2 trillion funding package that the Senate approved in the early hours Saturday morning to prevent a partial government shutdown. …
Micro-Apartments Are Back After Nearly a Century, as Need for Affordable Housing Soars
Associated Press, March 21, 2024-Hallie Golden and Claire RushEvery part of Barbara Peraza-Garcia and her family’s single-room apartment in Seattle has a double or even triple purpose.Click here for more …
The Lock-in Effect Has Cost the Housing Market 1.3 Million Home Sales and Affected Home Prices, Finds FHFA Research
Fast Company, March 25, 2024-Lance LambertThis week, researchers at the Federal Housing Finance Agency (FHFA) published a 52-page working paper titled, The Lock-In Effect of Rising Mortgage Rates.Click here for …
The New Normal for Mortgage Rates Will Be Higher Than Many Hope
Interest rates are likely to come down later this year, with the Federal Reserve on track to start cutting rates. But mortgage rates might not follow as quickly.Click here for …