Wall Street Journal, Oct. 9, 2023–Konrad PutzierAmerica’s highest office vacancies aren’t in the East and West Coast cities that have been shedding population and workers. They are in Texas, a …
Category: Top National News
Three Things Home Buyers Can Ask for Now
Wall Street Journal, Oct. 8, 2023–Veronica DagherHome buyers face steep costs and few options as mortgage rates push 8% and new listings remain scarce. The good news is they may …
Ballooning Interest Rates Make Tapping Equity Harder for Borrowers
National Mortgage News, October 05, 2023–Maria VolkovaThere’s a lot of home equity to be tapped, but a lot of hurdles in doing so, a report published Thursday said.Click here for …
Homebuyers Hit the Brakes, ‘Smothering’ the Mortgage Marketplace
Orange County Register, Oct. 6, 2023–Jeff LazersonHomebuyers have taken a timeout as rising interest rates smother the housing market. Assuming a 7.49% rate, a 30-year fixed mortgage for a $600,000 …
Agency Securitization Volume Up Slightly in Third Quarter
Inside Mortgage Finance, Oct. 6, 2023–John BancroftMortgage lenders delivered $282.16 billion of first-lien home loans into the agency secondary market during the third quarter of 2023, a modest 2.3% increase …
Federal Court Rules Against Servicers in Pay-to-Pay Lawsuit
National Mortgage News, Oct. 2, 2023–Spencer LeeA federal district court in Houston ruled in favor of a class-action plaintiff last week in a three-year-old case involving pay-to-pay fees, approving a …
Housing Expert: 8% Mortgage Rate ‘Does Not Seem Unlikely’ After Rates Remain at 23-Year High
Yahoo Finance, Oct. 5, 2023–Gabriella Cruz-MartinezAs rates surged to a 23-year high, demand for home purchases experienced its worst week in nearly three decades. (MBA Mention)Click here for more.
Opinion: The Bond Market’s Message
Wall Street Journal, Oct. 4, 2023–Kevin WarshHold short-term interest rates at current levels, and threaten to raise them if inflation morale doesn’t improve. That’s current Federal Reserve policy. The trouble …
Mortgage Rates Jump to 7.49%, Keeping Affordability Out of Reach For Homebuyers
Associated Press, Oct. 5, 2023The cost of financing a home surged again this week as the average long-term US mortgage rate climbed to its highest level since December 2000, further …
Private Payrolls Rose 89,000 in September, Far Below Expectations, ADP Says
CNBC, Oct. 5, 2023–Jeff CoxADP reported that private job growth totaled just 89,000 for the month, down from an upwardly revised 180,000 in August and below the 160,000 estimate from …