CNN, Feb. 15, 2024-Anna BahneyAfter treading water for months, US. mortgage rates jumped higher Thursday following a string of strong employment and inflation reports..
Category: Top National News
Student Housing Pre-Leasing at All-Time High
Globe St., Feb. 15, 2024-Richard BergerThe national student housing sector recorded its best pre-leasing season ever as of January, according to RealPage Analytics.Click here for more
You Can Blame Boomers for the Housing Market Inventory Shortage
Bloomberg News, Feb. 15, 2024-Paulina CacheroCan’t find a house to buy? You can blame older Americans who don’t want to sell.Click here for more (subscription)
Fannie Mae Reports Q4, Full-Year Earnings
MPA, Feb. 15, 2024-Fergal McAlindenFannie Mae reported net income of $3.9 billion for 2023’s final quarter and a full-year total of $17.4 billion as the government-sponsored housing entity’s net worth …
Could Vacant Office Spaces Across the U.S. be The Solution to a National Problem?
NPR, Feb. 15, 2024–Manuela López RestrepoAcross the United States, empty office buildings are leaving once-bustling downtown areas with less foot traffic and are forcing experts, residents and officials to figure …
Student Housing Has a New Mantra: Bigger Is Better
New York Times, Feb. 13, 2024–Kevin WilliamsOff-campus complexes are getting larger, with some being home to more than 1,500 students, and being built on prime parcels of land as close …
MBA: Mortgage Applications Dipped Last Week as Rates Increased
MortgageOrb, February 14, 2024–Valerie SwiantekMortgage application volume fell 2.3% during the week ended February 9, as the average rate for a 30-year, fixed-rate mortgage increased to 6.87%, up from 6.80% …
Mortgage Rates Rise, Cross to Wrong Side of 7% Threshold
Bankrate.com, February 14, 2024–Jeff OstrowskiMortgage rates jumped this week, with the average 30-year fixed loan at 7.11 percent, according to Bankrate’s latest survey of large lenders. Rates rose as the …
Ex-FHA Head Montgomery Starts Compliance Consulting Firm
National Mortgage News, February 14, 2024–Brad FinkelsteinGate House Strategies, the consulting firm co-founded by Brian Montgomery, the former Housing and Urban Development official, is now offering fair lending and other …
Nearly 89% of U.S. Homeowners with Mortgages Have an Interest Rate Below 6%: Redfin
Fox Business, Feb. 14, 2024–Christopher MurrayAs mortgage rates inch lower towards the 6% mark, the real estate market is cooling. Still, many homeowners still have low interest rates compared to …