Inside Mortgage Finance, Oct. 5, 2023–Brandon IveyBanks and thrifts held $44.06 billion of mortgages for sale as of the end of June, up 8.1% from the end of March.Click here …
Category: Top National News
Nearly 5.5 Million Homes are Vacant Across The Largest Metro Areas
Weekly Real Estate News, Oct. 4, 2023–Phil HallWhile housing inventory remains close to historic lows, nearly 5.5 million homes across the nation’s largest metro areas remain vacant, according to new …
Is Your Next Mortgage 7% or 8%? Depends If You Shop Around.
Wall Street Journal, Oct. 5, 2023–Ben EisenThe rapid speed of the Federal Reserve’s rate increases has injected volatility into everything from bonds to bitcoin. In the world of mortgage rates, …
More Mortgage Applications are Being Rejected for ‘Insufficient Income.’ Here’s Why
CNBC, Oct. 4, 2023–Jared MitovichMortgage payments have become significantly less affordable for homebuyers, according to the Consumer Financial Protection Bureau. Nearly a quarter of refinance applications were rejected in 2022 …
As Mortgage Rates Normalize It Will Help Both Supply and Demand: Mortgage Bankers Association CEO
CNBC, Oct. 4, 2023Mortgage Bankers Association President and CEO Robert Broeksmit, CMB, joined CNBC’s ‘Closing Bell Overtime’ to talk climbing mortgage rates and what the Federal Reserve can do to …
Colleges Snap Up Unused Office Space in a Slumping Market
New York Times, Oct. 3, 2023As companies with hybrid work forces reduce square footage, universities see an opportunity to buy buildings at bargain prices.Click here for more. (subscription)
Housing Stocks in the Red as Bond Yields and Mortgage Rates Rise
CNBC, Oct. 3, 2023CNBC’s Diana Olick joined ‘Closing Bell’ to discuss the pressure the higher mortgage and bond yield rates are having on the housing market.Click here for more.
Why 8% Mortgage Rates Aren’t Crazy
Wall Street Journal, Oct. 4, 2023–Telis DemosWith fewer buyers for mortgage bonds, the rates on home loans can go unusually highTreasury yields are jumping higher, but even that doesn’t explain …
Mortgage Rates Reach Highest Since November 2000 – MBA
Reuters, Oct. 4, 2023–Amina NiasseU.S. mortgage interest rates rose to the highest since November 2000 last week, helping to drive home loan application volumes to the lowest in 27 years, …
America Can Solve its Housing Crisis by Following Tokyo’s Example
Business Insider, Oct. 4, 2023–Eliza RelmanIn September, when New York City Mayor Eric Adams unveiled his plan to build 100,000 new homes, he pointed enviously to Tokyo’s ability to keep …