Jan. 27, 2023–Emma OckermanYou may actually save money by renting for a little longer. December’s U.S. median rental price of $1,712 was far cheaper than the typical monthly starter home …
Category: Top National News
Buyers: Know Your Share
The Housing Scene (UExpress), Jan. 27, 2023–Lew SichelmanMany of the nation’s largest real estate firms still do not publish the share of the commission paid to agents who work with …
Flagstar Bank Makes Big Cuts to Retail Mortgage Operation
HousingWire, Jan. 26, 2023–Flávia Furlan NunesTwo months after receiving the Federal Reserve’s approval to merge with New York Community Bank, Michigan-based Flagstar Bank is reducing its footprint in the retail …
White House Rental Protections May Create Opportunities for Lenders
National Mortgage News, Jan. 26, 2023–Brad Finkelstein (subscription)The Federal Housing Finance Agency has a role in the Biden Administration’s rental housing initiative and multifamily lenders should benefit.https://www.nationalmortgagenews.com/news/white-house-rental-protections-may-create-opportunities-for-lenders
Jobless Claims Fall, Pointing to Still-Tight Labor Market
Wall Street Journal, Jan. 26, 2023–Gabriel T. Rubin (subscription)Jobless claims declined last week, suggesting the overall labor market remains tight as several large employers announce job cuts.https://www.wsj.com/articles/jobless-claims-fell-last-week-pointing-to-tight-labor-market-11674741049?mod=hp_major_pos2#cxrecs_s
The Housing Market Wakes from the Dead
Axios, Jan. 27, 2023–Emily PeckThe housing market is showing signs of life after veering into a dead zone late last year. These green shoots are a good sign for the …
Lower Rates Coming for Low Down Payment Buyers with Riskier Credit Scores
Orange County Register, Jan. 26, 2023–Jeff LazersonIf you are a marginally credit-qualified homebuyer itching to get on the road to homeownership, hold off until April 1. That’s when mortgage lenders …
Now May be a Great Time for Buyers to Score Their Dream Homes
Business Insider, Jan. 27, 2023–Kelsey Neubauer, Robert DavisMore buyers have gotten back into the market as mortgage rates dip from last year’s high. Sellers are still reeling from the market …
The Mortgage Market Shriveled Up Last Year
Wall Street Journal, Jan. 26, 2023–Ben Eisen (subscription)The mortgage market finished last year on a down note. Rapidly rising interest rates slowed quarterly originations to $335 billion, their lowest total …
Rise in Refis Steers App Volume Upward
The MReport, Jan. 26, 2023–Eric C. PeckThe housing market correction continued this week, as the fixed-rate mortgage dipped to 6.15% for the week ending January 19, the Mortgage Bankers Association …