National Mortgage News, Sept. 27, 2023–Brad FinkelsteinMortgage rates hit a 20-year high this past week as Treasury yields surged in the aftermath of last week’s Federal Open Market Committee meeting. …
Category: Top National News
Opinion: Just Look At Why It’s So Hard to Turn Offices Into Homes
Washington Post, Sept. 27, 2023–Editorial BoardMost major cities have about 20 percent of their office space vacant and only about 2 percent currently undergoing a conversion, according to real estate …
Higher Rates Catch Up With Home-Builder Stocks
The Wall Street Journal, Sept. 27, 2023-Hardika Singh (subscription)The rally in home-builder stocks has finally fizzled. Click here to read
U.S. Mortgage Rate Climbs to 22-Year High of 7.41%, Curbing Demand
Bloomberg News, Sept. 27, 2023-Augusta Saraiva (subscription)U.S. mortgage rates jumped last week to the highest level since 2000, taking a toll on already depressed home-purchase applications.Click here to read
CFPB Finds Big Jump in Mortgage Payments and Costs Due to High Rates
American Banker, Sept. 27, 2023-Kate BerryThe Consumer Financial Protection Bureau said that higher interest rates have wreaked havoc on the mortgage market causing monthly payments to skyrocket for new homebuyers …
Why Don’t We Just Build New Cities?
The Atlantic, Sept. 27, 2023-Jerusalem DemsasYearning for a blank slate crosses the ideological spectrum—but sooner or later, new places will face the same old problems.Click here to read
Americans Finally Start to Feel the Sting From the Fed’s Rate Hikes
The Wall Street Journal, Sept. 26, 2023-Rachel Louise Ensign (subscription)Rising interest rates are hitting Americans’ finances. Click here to read
Here’s One Way Higher Mortgage Rates Are Helping Economic Growth
The Wall Street Journal, Sept. 26, 2023-Justin Lahart (subscription)The low number of existing homes for sale on the market, the high prices those homes are fetching, and—surprisingly—high mortgage rates have …
Real Estate Industry Leads on Return-to-Office in Manhattan
6sqft, Sept. 26, 2023-Devin Gannon Real estate employees are in the office more often than any other office workers in Manhattan, according to the results of a new survey.Click here …
New Home Sales Dropped in August as Mortgage Rates Climbed
CNN, Sept. 26, 2023-Anna Bahney New home sales dropped in August from the month before, as mortgage rates topped 7% and rose to the highest levels in more than 20 …