HousingWire, March 7, 2024–Flávia Furlan Nunes and Brooklee HanPresident Joe Biden’s new plan to lower housing costs includes a pilot program that waives the requirement for lender’s title insurance on …
Category: Top National News
These Are the U.S. States With the Highest–and Lowest–Average Monthly Rent
CNBC, March 7, 2024-Celia FernandezThis week, bill pay service doxo released its annual Household Bill Pay report, which breaks down how much the average U.S. household spends on essentials, including …
Are Bidding Wars Returning to the U.S. Housing Market?
MPA, March 7, 2024-Fergal McAlindenFrenzied bidding wars were among the most prominent trends to emerge from the U.S. housing market’s pandemic-era boom – but while competition is unlikely to hit …
Average Long-Term U.S. Mortgage Rate Edges Lower for the First Time in Five Weeks
The Wall Street Journal, March 7, 2024-Alex VeigaThe average long-term U.S. mortgage rate edged lower for the first time in five weeks, a welcome shift for home shoppers this spring …
Biden to Propose New $5,000 Tax Credit for First-Time Home Buyers
The Washington Post, March 7, 2024-Rachel Siegel and Jeff SteinPresident Biden will propose a set of new housing initiatives in Thursday’s State of the Union address, including tax credits to …
Mortgage Credit Loosens on More Refi Product Offerings
National Mortgage News, March 7, 2024–Brad FinkelsteinThe amount of mortgage credit provided by lenders loosened in February compared with the previous month because of an increase in refinance offerings, the …
Regulators Plan to Alter Basel Proposal, Timing Unclear
Inside Mortgage Finance, March 7, 2024–Brandon IveyFederal Reserve Chairman Jerome Powell said major revisions to the proposed capital requirements for large banks are likely.Click here for more (subscription)
Powell Reinforces Position that the Fed is Not Ready to Start Cutting Interest Rates
CNBC, March 6, 2024–Jeff CoxIn prepared remarks for appearances on Capitol Hill, Fed Chair Jerome Powell said policymakers remain attentive to the risks that inflation poses and don’t want to …
US Economic Activity Increasing Slightly, Fed’s Beige Book Shows
Bloomberg, March 6, 2024–Christopher CondonThe U.S. economy has expanded at a modest pace since earlier in the year, while consumers showed more sensitivity to rising prices, the Federal Reserve said …
The U.S. Housing Market Is Headed Into a Pivotal Spring Season as Home Sellers Wait for Their Sweet Spot, According to Opendoor
Fox 5 DC, March 3, 2024-David KaplanThe last few years have seen a wave of ups and downs for homebuyers and sellers–from homeowners who rode to the height of the …