Reuters, Oct. 25, 2023The interest rate on the most popular U.S. home loan last week jumped to the highest since September 2000, marking its seventh straight weekly increase and driving …
Category: Top National News
New York City Has a Bold Plan to Fix Its Housing Crisis. Will It Work?
The New York Times, Oct. 25, 2023-Mihir ZaveriLast month, Mayor Eric Adams unveiled a big plan to tackle New York City’s housing shortage and make the city more affordable.Click here …
Don’t Hold Your Breath for an Affordable Mortgage
Politico, Oct. 25, 2023–Victoria GuidaPlenty of would-be homeowners are staying on the sidelines as they wait for rates to return to more affordable levels — mortgage applications decreased to their …
Will Mortgage Rates Go Up After the November Fed Meeting?
The Mortgage Reports, October 25, 2023–Paul CentopaniThe Federal Reserve will hold its next Open Market Committee meeting on Oct. 31-Nov. 1. With it comes the question of another rate hike.Click …
How the Highest Bond Yields in 16 Years Could Chill the Hot U.S. Economy
Wall Street Journal, Oct. 24, 2023–Amara Omeokwe, Andrew DuehrenAdd surging interest rates to the list of threats staring down the U.S. economy. The yield on the U.S. 10-year Treasury note …
Dismal Lending Year to Turn Up in ‘24
Commercial Property Executive, October 23, 2023–Lew SichelmanWhen the dust clears on 2023, lending and borrowing in the commercial real estate market will be roughly half what it was in 2022. …
HELOC, Non-agency Securitization Could Grow Long Term, Leaders Say
National Mortgage News, Oct. 23, 2023–Bonnie Sinnock, Brad FinkelsteinNew securitization of home loans has, by and large, followed the primary market’s patterns by trending lower this year, but certain niches …
Blackrock’s Larry Fink on Interest Rates: ‘This Reminds Me of the ’70s’
Wall Street Journal, Oct. 24, 2023–Eliot BrownBlackRock CEO Larry Fink isn’t optimistic about interest rates coming back down anytime soon. “We’re going to see higher interest rates for longer,” Fink …
Bond Markets are being Hit Hard — And It’s Likely to Impact You
NPR, October 24, 2023–David GuraThere is a sharp sell-off in the bond market, and it has big implications on both the economy and people’s pocketbooks.Click here for more.
Food Halls, a Hot Real-Estate Investment, Conquer the Suburbs
The Wall Street Journal, Oct. 23, 2023-Kate KingFood halls, once a staple primarily of big cities, are rapidly multiplying in the suburbs as developers aim to capitalize on the rise …