The Wall Street Journal, Jan. 18, 2024-Gina HeebMortgage rates fell to their lowest level in nearly eight months, offering some relief to the battered housing market.Click here for more (subscription)
Category: Top National News
Mortgage Applications for New Home Purchases Up 22.2% YoY, MBA Reports
National Mortgage Professional, Jan. 18, 2024-Christine StuartThe latest data from the Mortgage Bankers Association (MBA) Builder Application Survey (BAS) found an uptick in mortgage applications for new home purchases when …
Mortgage Rates Are Expected to Fall Below 6% This Year, According to Fannie Mae
NBC News, Jan. 18, 2024-Rob WileAfter reaching a post-pandemic high of 7.8% last fall, the average 30-year mortgage rate is now expected to end the year below 6%, according to …
Stadium First, Affordable Housing Later? U.S. Developers Dangle Homes as Perk of Big Construction Deals
The Guardian, Jan. 18, 2024-Rick PaulasFor more than a decade, John Fisher, the owner of the Athletics Major League Baseball team, has been threatening to move the club out of Oakland if …
Americans Are Buying Homes With Friends
Newsweek, Jan. 18, 2024-Alexander FabinoIn 2012, Kristina Modares, a young professional making $35,000 a year, was living in a rented old house in downtown Austin, Texas, with four friends. Click here …
The Bill Is Coming Due on a Record Amount of Commercial Real Estate Debt
The Wall Street Journal, Jan. 16, 2024-Peter GrantThe troubled commercial real estate market is bracing for a record amount of maturing loans, boosting the prospect of a surge in defaults …
Office Loan Delinquencies Surge To 6.5% To End 2023, Hotels Not Far Behind
Bisnow, Jan. 17, 2024-Dees StriblingOffice-backed commercial loans finished 2023 with a delinquency rate of 6.5%, up from 5.1% in the third quarter, according to the Mortgage Bankers Association.Click here for …
Americans Race to Refinance Mortgages as Rates Fall
Newsweek, Jan. 17, 2024-Omar MohammedHomeowners are jumping to refinance their home loans in the hope of finding savings on their mortgages amid falling rates that have declined from their two-decade …
U.S. Home-Purchase Applications Climb to an Almost Six-Month High
Bloomberg News, Jan. 17, 2024-Michael SassoA gauge of U.S. mortgage applications for home purchases rose to an almost six-month high as lower borrowing costs prompted more buyers to step off …
Not Even Molten Lava Can Cool This Hot Housing Market
The Wall Street Journal, Jan. 17, 2024-Christine Mai-DucPUNA, Hawaii—In 2018, a large volcanic eruption spewed lava, rock and ash into the middle of a subdivision here, gobbling up more than …