MPA, Oct. 27, 2023-Candyd MendozaThe Mortgage Bankers Association (MBA) recently updated its forecast, signaling a significant downturn in commercial and multifamily mortgage borrowing and lending for this year.Click here for …
Category: Top National News
Inflation Trends Keep Fed Rate Hikes on Pause
Wall Street Journal, Oct. 27, 2023–Harriet Torry, Nick TimiraosUnderlying price gains picked up in September, but not enough to prompt the central bank to raise interest rates this week.Click here …
Weekly Mortgage Rates Soar Closer to 8%: Freddie Mac
HousingWire, October 26, 2023–Sarah MarxAs of Oct. 26, the average 30-year, fixed-rate mortgage hit 7.79%, according to Freddie MacClick here for more.
Opinion: The US Needs More Housing. Americans Don’t Want to Build It.
Bloomberg, October 27, 2023–Karl W. SmithYou won’t find this term in any serious economics textbook, but the only clinical way to describe the US housing market is bananas. Affordability is …
Continued Mortgage Rate Hikes Subduing Homebuyer Demand
The MReport, Oct. 27, 2023–Eric C. PeckAs mortgage rates march onward and upward toward the 8% mark to heights last seen 23 years ago, the Mortgage Bankers Association reports that …
Trying for a Mortgage? Here’s How Much Money You Need to Make.
The New York Times, Oct. 26, 2023-Michael KolomatskyThe minimum income needed to qualify for a typical mortgage on a median-price home is higher than ever. The culprits: rising interest rates, …
The Average Long-Term U.S. Mortgage Rate Rises for 7th Straight Week, 30-Year Loan Reaches 7.79%
The Associated Press, Oct. 26, 2023The average rate on the benchmark 30-year home loan rose for the seventh straight week, creating an increasingly high bar to home ownership for Americans.Click …
Home Prices and Rents Have Both Soared. So Which is the Better Deal?
CBS News, Oct. 26, 2023-Aimee PicchiThe cost of putting a roof over your head has soared since the start of the pandemic, making it more expensive to either sign a …
Real Estate Stocks Are Outperforming Today. American Tower Is One Reason Why
The Wall Street Journal, Oct. 26, 2023-Hannah MiaoThe real estate sector was by far the best-performing segment of the S&P 500 on Thursday, up almost 2% as the broader index …
Builders Enjoy a World of Sub-6% Mortgage Rates
HousingWire, Oct. 25, 2023-Logan MohtashamiWhile existing homebuyers have been battling high mortgage rates for months — which are now at 8% — the builders are wooing buyers with lower rates …