Bloomberg News, Jan. 11, 2024-Natalie WongSoaring borrowing costs and plunging prices walloped the global commercial-property market last year. Now, more clarity around values and an urgent need to address looming …
Category: Top National News
Americans Rush to Refinance Homes as Mortgage Rates Drop
Newsweek, Jan. 11, 2024-Omar MohammedAmerican homeowners are jumping to refinance their mortgages after a drop in rates from their peak in the fall, according to the Mortgage Bankers Association (MBA), …
Mortgage Rates Up Following Inflation Report
National Mortgage News, Jan. 11, 2024–Brad FinkelsteinFor the past week, the benchmark 10-year Treasury closed above 4%, as the markets priced in an increase in the consumer price index. Click …
Budget Fight Threatens Poor Families With Cuts to Housing Aid, Evictions
Washington Post, January 10, 2024–Tony RommSome of the roughly 5 million families who receive rental assistance from the U.S. government could see sharp cuts to their benefits — and even …
U.S. Saw Record-Breaking Thunderstorm Damage in 2023
The Wall Street Journal, Jan. 9, 2024-Richard VanderfordThunderstorms in 2023 caused $76 billion in losses in North America and Europe, a record for such weather events, which have in recent …
Commercial Real Estate Outlook Brightens for 2024
MPA, Jan. 10, 2024-Candyd MendozaThe commercial and multifamily mortgage sectors, which have been navigating through turbulent waters, are showing signs of stabilization in the coming year, according to the Mortgage …
Mortgage Rates and Inflation Could Draw Attention to the Fed This Election
The New York Times, Jan. 10, 2024-Jeanna SmialekThis year is set to be a big one for Federal Reserve officials: They are expecting to cut interest rates several times as …
Mortgage Demand Jumps Nearly 10% to Start the Year, Even as Interest Rates Tick Up Again
CNBC, Jan. 10, 2024-Diana OlickMortgage rates moved a little bit higher last week, for the second week in a row, but are still in a range that consumers appear to …
Mortgage Credit Availability Hits Lowest Level Since 2012
National Mortgage Professional, Jan. 10, 2024-Christine StuartIn December, mortgage credit availability saw a decline, indicating that lending standards were tightening, according to the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability …
Hotel Conversions Appeal Grows Amid Sluggish Housing Market
Mortgage Professional America, Jan 4, 2024–Tony CantuThere’s no easy solution to the housing shortage crisis in the US, where there is a deficit of some 6.5 million homes against a …