National Mortgage News, Feb. 28, 2024-Spencer LeeHome lending activity slowed for the fourth time in five weeks, even as interest rates tapped on the brakes after their recent acceleration, according …
Category: Top National News
Flattening Rates Fail to Bring in Mortgage Borrowers
National Mortgage News, Feb. 28, 2024–Spencer LeeHome lending activity slowed for the fourth time in five weeks, even as interest rates tapped on the brakes after their recent acceleration, according …
Banks Could See Preemption Win in Supreme Court Case
Inside Mortgage Finance, Feb. 28, 2024–Shannon ClarkBank of America and other national banks could be on track for a victory at the Supreme Court, based on oral arguments Tuesday. A …
Jamie Dimon Says the U.S. Can Avoid a Commercial Real Estate Crisis If the Economy Sticks a Soft Landing
Business Insider, Feb. 27, 2024-Yuheng ZhanJamie Dimon said the distress in the US commercial property sector won’t become a full-blown crisis, and will only deteriorate if the U.S. hits a …
Real Estate Grapples With Affordability Crisis as Aspiring Homeowners Stifled by Cost of Living, Low Incomes
Fox Business, Feb. 27, 2024-Kristen AltusThough another Great Recession may not be in America’s economic cards, a recent Bankrate survey has signaled “daunting” sentiment around homeownership.Click here for more
A Housing Shortage Is Testing Oregon’s Pioneering Land Use Law. Lawmakers Are Set to Tweak It
A severe lack of affordable housing has prompted Oregon lawmakers to consider chipping away at a 1970s law that made the state a national leader in leveraging land use policy to prevent suburban sprawl and conserve nature and agriculture.
Housing Costs Are Running Hot, but Is the Data Missing a Cooling Trend?
The New York Times, Feb. 28, 2024-Ben CasselmanThe Federal Reserve may have a housing problem. At the very least, it has a housing riddle.Click here for more (subscription)
Warehouse Boom Fades, and the Hopes of a California Region Fade With It
Wall Street Journal, Feb. 27, 2024–David HarrisonAs e-commerce soared, warehousing jobs in San Joaquin County surged too. Did the area bet too heavily on one industry?Click here for more (subscription)
Fed Rate Cuts Are Likely to Be Slow–But Not Necessarily Steady
Bloomberg, Feb. 27, 2024–Steve MatthewsThere’s a saying about how the Federal Reserve manages interest rates: They go up the escalator and down the elevator. This time, it will likely be …
How No-Cost Mortgages Save Buyers Money When Rates Come Down
Orange County Register, February 26, 2024–Jeff LazersonRumor is that the Fed might drop short-term rates three times in 2024. That’s good news for homebuyers as fixed-rate mortgages tend to follow …