CNBC, July 13, 2023–Elliott SmithU.S. Treasury yields were mostly lower on Thursday after June’s inflation print came in cooler than expected, reducing the likelihood of more aggressive interest rate hikes …
Category: Top National News
Mortgage Stocks Are Rocketing Higher
Wall Street Journal, July 12, 2023–Telis Demos (subscription)Mortgage rates are up and the supply of homes for sale is down. Yet home-buying companies’ shares are surging. Rocket is up nearly …
Mortgage Rates Hit Highest Level Since Last Year
The Hill, July 12, 2023–Adam BarnesMortgage rates reached their highest level last week since a previous recent peak in November as incoming economic data sends more “mixed signals,” according to …
Mortgage Applications Rise For 3rd Straight Week
National Mortgage Professional, July 12, 2023–David KrechevskyEven with mortgage rates rising above 7%, the weekly volume of mortgage applications increased for the third straight time last week, the Mortgage Bankers …
Inflation Cooled Further In June, Treasury Yields and Mortgage Rates Fell On The News
Zillow, July 12, 2023–Orphe DivounguyThe Consumer Price Index rose 0.2% in June after increasing 0.1% in May. What it means: annual price growth continues to slow. June marked the smallest …
Is Work From Home to Blame for Senior Housing’s Muted Recovery?
Wall Street Journal, July 11, 2023–Will Parker (subscription)Remote work stung the office market. Some analysts wonder if it is hurting senior housing, too.https://www.wsj.com/articles/is-work-from-home-to-blame-for-senior-housings-muted-recovery-abf702b?
Manhattan Luxury Real Estate Market Heats Up
Wall Street Journal, July 11, 2023–Kate King (subscription)New York City’s luxury residential market is gaining momentum after stumbling early in the year, another sign that pockets of the U.S. housing …
How Will the Student Loan Decision Impact the Mortgage Industry?
National Mortgage News, July 11, 2023–Bonnie Sinnock (subscription)Consumers struggling to pay college bills could face more financial difficulties with legal challenges impeding attempts at student debt cancellation and forbearance for …
In Monetary Policy, It’s All About The Lags
Axios, July 11, 2023–Neil Irwin, Courtenay BrownIn Central Banking 101, there is frequent talk of “long and variable lags” — the idea that after making an interest rate move, there …
Opinion: The Fed’s ‘Stress Tests’ Overlook the Dangers Facing Banks
Washington Post, July 11, 2023–Sheila BairThe Federal Reserve’s recently completed “stress tests” gave high grades to banks for passing exams that fail to prepare them for the biggest risk that …