NPR, Nov. 14, 2023-Scott HorsleyAnyone shopping for a home right now has to contend with a double whammy of high prices and high interest rates. To make matters worse, there …
Category: Top National News
The Trillion-Dollar Win Hiding in Your Mortgage
The Wall Street Journal, Nov. 13, 2023-James MackintoshIt is time to look more favorably on your mortgage. The leap in interest rates of the past two years means that an …
Cooler Monthly Inflation Report Pushes Mortgage Rates Even Lower
CNBC, Nov. 14, 2023-Diana OlickThe average rate on the 30-year mortgage fell 18 basis points to 7.40% on Tuesday, according to Mortgage News Daily, as Wall Street lowered its expectations …
To Buy a House in Today’s Market, More People Turn to an Alternative Lender: Their Parents
CNBC, Nov. 13, 2023–Jessica DicklerNearly three-quarters of aspiring homebuyers say affordability is the No. 1 obstacle to owning a home. In today’s market, “nepo-homebuyers” are tapping family money to afford …
Regulators to Face Tough Questions About Bank Capital Rules as Pushback Intensifies
Yahoo News, Nov. 14, 2023–Jennifer SchonbergerA debate in Washington about tougher capital requirements for big banks is intensifying as the architects of those new rules prepare to testify before Congress …
The Coastal State Where Home Insurance Is Relatively Affordable
The Wall Street Journal, Nov. 12, 2023-Arian Campo-Flores and Meggan HallerMOBILE, Ala.—When Kelly and Mike Francis saw the home-insurance quotes for the house they wanted to buy here last spring, they had …
The Clearest Sign Yet That Commercial Real Estate Is in Trouble
The Wall Street Journal, Nov. 13, 2023-Konrad PutzierForeclosures are surging in an opaque and risky corner of commercial real-estate finance, offering one of the starkest signs yet that turmoil in …
Today’s Mortgage Rates Edge Up for 30-Year Terms While 15-Year Terms Hold Steady
Fox Business, Nov. 13, 2023-Angela MaeThe interest rate on a 30-year fixed-rate mortgage is 8.000% as of November 13, which is 0.125 percentage points higher than Friday. Additionally, the interest …
Baby Boomers are Buying Up All The Houses
Washington Post, November 13, 2023–Rachel SiegelOlder buyers are prevailing in America’s hot housing market. This year, the median age for a repeat buyer — someone who has bought a home …
Home Equity Players Skeptical About HEi
Home Equity Lending News, Nov. 13, 2023–Nunyo DemasioHome equity investments buzzed as an intriguing topic at the MBA’s annual convention last month. But skeptical lenders offered a range of views, …